IMF Says Zimbabwe’s ZiG Has Ended Bout of Instability

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%.”
----------------------------------------------
A letter from our Editor-in-Chief
Thank you for taking a look at what we do.

Every day, Bloomberg’s 2,700 journalists and analysts break news all the way around the world. But we also try to explain that world in all its complexities, so that you get the bigger picture. We cover more companies, industries and markets in more depth than anybody else, and we are always looking for the links between them.

As they say, context changes everything.

John Micklethwait

Editor-in-Chief

Bloomberg
Lock in our best offer of the year.
Unlimited access to Bloomberg.com and the Bloomberg app

Subscriber-only content and newsletters

Live TV, radio, podcasts and audio articles

Subscribe now