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