Zimbabwe has been advancing towards currency stability through the introduction of the ZiG currency, backed by gold reserves and foreign currency. The Reserve Bank of Zimbabwe (RBZ) launched Zimbabwe Gold (ZiG) to counter inflation, with the goal of reducing it from over 55% to 2% annually. While facing challenges like illegal foreign exchange trading and coin shortages, the RBZ is actively addressing these issues by cracking down on illegal FX traders, freezing bank accounts, and improving the availability of smaller denomination coins. To promote the usage of ZiG, cash withdrawals using debit cards will be facilitated at select financial service points, enhancing the currency's accessibility and stability in financial transactions.
Zimbabwe's Advancements towards Currency Stability with ZiG
by Giorgi Kostiuk
2 years ago
Made with AI
Tier I
Sector: #18291
Sealed Hiding Place Room
Resource Cache
Tier I
Requires 25% Tier Progress to Claim
Meme Cache
Tier I
Requires 50% Tier Progress to Claim
Equipment Cache
Tier I
Requires 75% Tier Progress to Claim
After collecting, hiding places will be stored in your inventory and can be opened with Keys.
Tier I
Sector: #18291
0%
25%
50%
75%
100%
Tier II
Survivors rescued:
0 / 600
Survivors
0/0
Other news
NFL Backs New Jersey's Appeal on Sports Prediction Markets
The NFL has filed an amicus brief urging the Supreme Court to consider New Jersey's appeal regarding the classification of sports prediction markets, advocating for state regulation and enhanced consumer protections.
Binance Launches Meteora Spot Trading Competition with 400 BNB Prize Pool
Binance has launched a new spot trading competition for the MET token with a prize pool of 400 BNB, running from October 8 to October 15.
The Graph Sets October 8 Deadline for Transition to Decentralized Network
On October 8, The Graph will transition from centralized Subgraph Studio endpoints to its decentralized network, impacting developers on Polygon and BNB Chain.
Anyflo Launches as a New Player in Stablecoin Payments
Anyflo has emerged as a stablecoin payments orchestration company, simplifying stablecoin use for enterprises.
Sui's Hashi to Launch Mainnet with $500 Million Backing
Sui's Hashi is set to begin a phased mainnet rollout later this month, supported by over $500 million in capital commitments.
Chainlink Introduces CCIP Vault Adapters to Streamline Cross-Chain DeFi Transactions
Chainlink has launched CCIP Vault Adapters, enabling DeFi vaults to accept deposits from over 80 blockchains without manual bridging.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter