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ZiG overvalued, stability artificial: IMF - Zimbabwe Situation
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ZiG overvalued, stability artificial: IMF - Zimbabwe Situation
Source: ZiG overvalued, stability artificial: IMF –Newsday Zimbabwe THE International Monetary Fund (IMF) has poked holes into the government’s claims that the stability of the Zimbabwe Gold (ZiG) currency reflects sound policy, revealing heavy Reserve Bank of Zimbabwe (RBZ) intervention. The global lender said the official rate is overvalued and not market-driven. The ZiG, which debuted in April last year in Zimbabwe’s sixth attempt to establis…
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