Fiscal discipline key for ZiG stability

THE Zimbabwe Coalition on Debt and Development (Zimcodd) says fiscal discipline and citizen participation are key factors in stabilising the recently introduced Zimbabwe Gold (ZiG) currency.

The Reserve Bank of Zimbabwe (RBZ) recently launched the ZiG and scrapped the Zimdollar after it had significantly depreciated over the past few months. In the first quarter of the year alone, the Zimdollar depreciated by more than 260%.

This story is for NewsDay subscribers.