Zimbabwe: RBZ Backs Zig-Only Payments for Suppliers

Zimbabwe: RBZ Backs Zig-Only Payments for Suppliers

The Reserve Bank of Zimbabwe (RBZ) has endorsed a government directive requiring public sector suppliers and contractors to be paid exclusively in the local currency, ZiG describing the move as a key step towards strengthening its use in the economy.

ZiG only payments won't hurt suppliers, not the end of multicurrency regime-RBZ

Source: ZiG only payments won’t hurt suppliers, not the end of multicurrency regime-RBZ – herald Nqobile Bhebhe Zimpapers Business Hub THE Reserve Bank of Zimbabwe (RBZ) has assured public suppliers and contractors that Treasury’s decision to pay them exclusively in ZiG will not negatively affect their operations. In its assurance, the central bank stressed its commitment to maintaining durable domestic currency stability. This also follows the …

NSPL: ZiG payment receivers will have access to forex purchase system - Govt

This follows the government’s recent directive mandating that all settlements for public sector procurement be conducted in ZiG, guided by the new National Standard Price List (NSPL). The post NSPL: ZiG payment receivers will have access to forex purchase system – Govt first appeared on Three Men On a Boat.

Suppliers can access foreign currency despite ZiG payments: RBZ

HARARE – The Reserve Bank of Zimbabwe (RBZ) has assured public sector suppliers and contractors that they will continue to have access to foreign currency, even as the government moves to pay them exclusively in the local currency, the Zimbabwe Gold (ZiG). RBZ governor John Mushayavanhu said suppliers paid in ZiG will be able to access foreign currency through the willing-buyer willing-seller interbank foreign exchange market to meet genuine imp…