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Zimbabwe's ZiG ended bout of instability, says IMF

by Staff reporter
28 Jun 2024 at 10:31hrs | Views
The International Monetary Fund says the introduction of a bullion-backed currency by Zimbabwe has helped to end the instability that had plagued the economy.

"The ZiG official exchange rate has so far remained stable, ending a bout of macroeconomic instability in the first three months of the year," the Fund said in an emailed statement Wednesday following an Article IV review.

"Assuming that macro-stabilization is sustained, cumulative inflation in the remainder of the year is projected at about 7%."


Source - Bloomberg