PARLIAMENT has expressed concern over the continued rejection of the newly launched Zimbabwe Gold (ZiG) currency by some traders.
PARLIAMENT has expressed concern over the continued rejection of the newly launched Zimbabwe Gold currency by some traders.Informal traders, who cater to a significant portion of the population, are hesitant to accept ZiG citing they are yet to"understand" the new currency"."During my travels, I've observed the positive steps taken by the President to reintroduce a national currency.
"It's concerning that basic commodities in Harare are already expensive, despite not incurring transportation costs. Wholesalers are reportedly marking up prices by 18%. This raises concerns about the final price of these goods in areas like Plumtree or Rushinga. "Furthermore, not all basic commodities are being sold for ZiG at these wholesalers, including those at Mohammed Mussa. These practices need to be addressed," said Nyabani.For those willing to accept ZiG, concerns have been raised about potentially inflated exchange rates being used.However, this call follows reports of some government departments not accepting ZiG.
Economists have warned that this lack of widespread acceptance could erode confidence in the new currency, potentially leading to its devaluation.). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material,, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons.
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