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In his mid-term monetary policy review statement, RBZ governor John Mushayavanhu projected a ZiG month-on-month inflation of below 1% by the end of the year.
The annual inflation rate provided by Old Mutual appears as local authorities ceased to report the annual inflation following the introduction of the Zimbabwe Gold (ZiG) currency on April 5 this year.
In the current economic environment that money is not enough to either maintain a lifestyle or to motivate someone to willingly participate in a pension scheme.
However, this gold linkage, with its possible upsides, has proved to be a rather double-edged sword, with potentially reduced control over fluctuations.
Annual inflation had reached over 1 000% and market trading including payments of public services, taxes, and fuel are predominantly pegged at USD prices.