Today marks the launch of the long-awaited Zimbabwe Gold (ZiG) banknotes and coins, offering a sense of relief to the public. Confidence in this gold-backed currency is steadily rising across various economic sectors.
Informal traders, commuters, and other segments of society have eagerly anticipated this alternative to electronic payment methods. Since the introduction of ZiG on April 5th, hard currency cash transactions have been the only other viable option, making this release a significant development.
In another story, “ZiG is here to stay forever”: Chiwenga Threatens to Crush Gold Smugglers. Vice President Constantino Chiwenga made a significant announcement yesterday regarding the newly introduced Zimbabwe Gold (ZiG), stating that it’s a permanent addition and warning that those who violate Exchange Control regulations will face severe consequences, including imprisonment. This update comes from a report by Business Times.
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During his address at the Zimbabwe International Trade Fair in Bulawayo, Vice President Chiwenga also issued a stern warning to currency dealers, advising them to be ready for tough enforcement measures.
“ZiG is here to stay forever,” Vice President Chiwenga declared.
He added: “The bold step that we as a government have taken symbolises our commitment to stabilise this economy. Don’t be a player in undermining ZiG.
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“We are going to implement strict measures. Our ZiG is not like any other currency because it is firmly controlled. It will not be subject to speculation. .. read in full
