News / National
Kombi operators have not seen ZiG
05 Jun 2024 at 02:11hrs | Views
Public transport operators in Bulawayo deny having encountered Zimbabwe Gold (ZiG) notes and coins, disputing claims of rejecting the currency.
While some commuters allege rejection of ZiG by kombi operators, representatives assert they haven't seen or rejected it.
Despite government introduction of ZiG on April 30, consumers report scarcity. The Reserve Bank of Zimbabwe (RBZ) cautions against flooding the market with ZiG to prevent inflation.
Bulawayo City Transit spokesperson Daniel Pondo states ZiG isn't in circulation, echoed by a Tshova Mubaiwa driver.
Zimbabwe Passengers Association secretary-general Paul Makiwa notes electronic availability of ZiG but scarce physical presence.
Challenges persist as essential services like fuel and spare parts are priced in US dollars, requiring foreign currency.
While some commuters allege rejection of ZiG by kombi operators, representatives assert they haven't seen or rejected it.
Despite government introduction of ZiG on April 30, consumers report scarcity. The Reserve Bank of Zimbabwe (RBZ) cautions against flooding the market with ZiG to prevent inflation.
Zimbabwe Passengers Association secretary-general Paul Makiwa notes electronic availability of ZiG but scarce physical presence.
Challenges persist as essential services like fuel and spare parts are priced in US dollars, requiring foreign currency.
Source - southern eye
