• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Features

Zimbabwe Announces Measures to Help Spur Demand for ZiG Currency

1 year ago
in Features, highlights, Home, home-news, latest News
1 min read
0 0
0
44
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

GJA President Underscores Vital Role of Journalists in Safeguarding Ghana’s Maritime Domain

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

Sub-Saharan Africa’s Growth to Accelerate to 3.8% in 2025 Amid Inflation Easing – World Bank

Zimbabwe Announces Measures to Help Spur Demand for ZiG Currency

Zimbabwean Finance Minister Mthuli Ncube announced measures to help spur demand for the nation’s bullion-backed currency, with government departments set to accept payment for goods and services in the local currency.

Presenting the mid-term budget statement before lawmakers Thursday in Mount Hampden, 11 miles northeast of the capital, Harare, Ncube vowed to support the so-called ZiG — short for Zimbabwe Gold — which he also praised for helping curb inflation.

Some of the measures set to be rolled out include government departments allowing payment in local currency as a way to help “strengthen demand” for it, according to Ncube. “Some taxes will be payable exclusively in local currency,” he said, while there are also plans to increase circulation of ZiG notes without raising the stock of money supply.

The southern African nation announced the budget in its new ZiG currency, which was launched in early April. Its predecessor, the Zimbabwean dollar, was abandoned after losing 80% of its value against the dollar this year, stoking an inflation spiral.

Source: bloomberg
Via: norvanreports
Tags: ZiG currencyZimbabweZimbabwe Announces Measures to Help Spur Demand for ZiG Currency
No Result
View All Result

Highlights

Sub-Saharan Africa Maintains Resilient Growth but Faces Urgent Jobs Challenge

Value or Illusion? Questioning the DStv “Increased Value Offer”

Inflation is Falling, But the Relief isn’t Uniform

Poultry Programme: Production and Processing Must Grow Hand-in-Hand

CAF Declares $9.48 Million Profit as Financial Turnaround Under Dr. Patrice Motsepe Gains Momentum

Bank of Ghana Sells GH¢4.91bn in 56-Day Bills at 21.48% Yield

Trending

Features

GJA President Underscores Vital Role of Journalists in Safeguarding Ghana’s Maritime Domain

October 7, 2025

GJA President Underscores Vital Role of Journalists in Safeguarding Ghana’s Maritime Domain President of the Ghana Journalists...

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

October 7, 2025

Sub-Saharan Africa’s Growth to Accelerate to 3.8% in 2025 Amid Inflation Easing – World Bank

October 7, 2025

Sub-Saharan Africa Maintains Resilient Growth but Faces Urgent Jobs Challenge

October 7, 2025

Value or Illusion? Questioning the DStv “Increased Value Offer”

October 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.