ZIG Success !!......Zimbabwe Central Banker’s Mission Impossible to Save Economy Clocks 100 Days
- IMF gives strong support to latest monetary policy changes
- Businesses and investors remain skeptical about reforms
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 enthused 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.
https://www.bloomberg.com/news/articles/2024-07-06/zimbabwe-zig-zwg-usd-central-banker-tames-currency-turmoil
IVZ media thread, page-6934
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