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Mashudu Netsianda, [email protected]

VICE President Constantino Chiwenga is  on Thursday evening expected to give a keynote address at the 59th SADC Committee of Central  Bank Governors in Victoria Falls.

The event  is being attended by all 16 Central Bank Governors from the region. According to the programme, Reserve Bank of Zimbabwe (RBZ) Dr  John Mushayavanhu will give opening remarks  while SA Reserve Bank Governor who also chairs the committee will also be among speakers.

RBZ is also expected to do a documentary presentation to celebrate  the successful launch of the Zimbabwe Gold .

The introduction of the Zimbabwe Gold (ZiG) currency in April marked a significant milestone in Zimbabwe’s journey towards economic stability.

ZiG

As the latest addition to the nation’s monetary framework, the ZiG has already demonstrated its potential to anchor the economy, stabilise prices and restore confidence in the local currency.

One of the key successes of the ZiG is its role in stabilising the exchange rate.

Upon its launch, the ZiG was pegged at an exchange rate of ZiG13.56 per US dollar and was allowed to freely floatthereafter.

This strategic move has contributed to a more predictable and stable exchange rate environment, essential for economic planning and investment.

The Reserve Bank of Zimbabwe has reported that the ZiG’s introduction has simplified monetary transactions and enhanced the predictability of financial affairs, which are critical for economic recovery and growth.

The positive reception of the ZiG by both economic agents and the general public further underscore its success.