Bulawayo City Council transitions to the Zig
Online writer
The Bulawayo City Council has become one of the first service providers in Zimbabwe to announce a complete transition from the ZWL Bond to the newly introduced Zig Currency.
The local authority took to social media this morning to share the official exchange rates between the US Dollar and the Zig, as well as the South African Rand and the Zig.
According to the announcement, the exchange rate between the US Dollar and the Zig has been set at US$1 to Zig13.5348. Additionally, the exchange rate between the US Dollar and the South African Rand has been established at US$1 to ZAR18.6287.
This transition marks a significant step in the country’s ongoing efforts to stabilise its currency and combat inflation.
The introduction of the Zig Currency aims to provide a more stable and reliable medium of exchange for businesses and consumers alike.
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