News / National
John II tames Zimbabwe currency turmoil
07 Jul 2024 at 06:54hrs | Views
Zimbabwe's new central bank Governor John Mushayavanhu has done the seemingly impossible in his first 100 days - created a stable currency and tamed price pressures in a nation that's been a poster-child for hyperinflation and crashing currencies.
His efforts have both enthuse and drawn skepticism. A team from the International Monetary Fund, who visited the country last month, hailed the governor's introduction of the ZiG, short for Zimbabwe Gold, for ending a bout of currency instability.
His efforts have both enthuse and drawn skepticism. A team from the International Monetary Fund, who visited the country last month, hailed the governor's introduction of the ZiG, short for Zimbabwe Gold, for ending a bout of currency instability.
Source - bloomberg
