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We have four newspapers: The Zimbabwe Independent, a business weekly published every Friday, The Standard, a weekly published every Sunday, and Southern and NewsDay, our daily newspapers. Each has an online edition.
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Since the introduction of the ZiG currency in 2024, Zimbabwean businesses have struggled with a dual pricing system dictated both by the official interbank rate and parallel market rates.
To achieve that ‘stability’, the RBZ had to reduce the money supply to below normal market levels, resulting in a serious liquidity crunch which triggered deflation.
Cross recently told Bloomberg that that the liquidity crunch had “now killed the ZiG.” “The ZiG has retreated as a currency of trade and effectively we have dollarised,” he said.