💨 Abstract

Zimbabwe's ZiG currency, launched a year ago to stabilize the economy, faces increasing pressure as annual inflation surged to 85.7%. Despite being backed by gold reserves, the currency is struggling to gain traction, particularly in the informal sector, where US dollars and South African Rands are more preferred. Financial expert Jacob Chincinza believes acceptance of ZiG is often due to legal mandates rather than market preference.

Courtesy: www.thesouthafrican.com

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