1 year ago

Fund projects inflation at 7% on account of stability
Growth forecast revised to 2%, recovery seen in 2025
By Ray Ndlovu
28. Juni 2024 at 00:18 MESZ
Updated on 28. Juni 2024
The ZiG is the nation’s sixth attempt at having a functioning local currency in the past 15
years. The International Monetary Fund says the introduction of a bullion-backed
currency by Zimbabwe has helped to end instability that had plagued the
economy.
“The ZiG official exchange rate has so far remained stable, ending a bout of
macroeconomic instability in the first three months of the year,” the Fund
said in an emailed statement Wednesday following an Article IV review.
“Assuming that macro-stabilization is sustained, cumulative inflation in the
remainder of the year is projected at about 7%.”
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