News about currency, Zim

🟣Dear @nickmangwana, Is the Governor of the @ReserveBankZIM aware that his purported extension of the ZWL is illegal? Does the Governor know that SI 60 of 2024 says the Zimbabwe Dollar expired on 30 April 2024? On what basis then does the Governor think he can change the law… pic.twitter.com/V9BIV4SH66

🟣Governor John Mushayavanhu’s reign of confusion continued today as he made yet another U-turn on his Monetary Policy Statement issued barely a month ago. Whereas he had originally announced that the Zimbabwe Dollar and bond notes would circulate until the 30th of April 2024… pic.twitter.com/bgVXBOGTrL

Public transport operators in Zimbabwe are rejecting the new currency called the ZiG because it doesn’t purchase fuel. Fuel, which is largely controlled by ZANUPF politicians and their surrogates, can only be bought in US Dollars or South African Rands. www.pindula.co.zw/2024/05/03/kombi-operators-reject-zig/

Another layer of confidence in Zimbabwe’s new currency, the ZiG, is peeled away as the @WorldBank distances itself from active involvement in the ZiG after Central Bank Governor John Mushayavanhu said the ZiG was a @WorldBank baby. He added that if it didn’t work, it was the… pic.twitter.com/6DlA4roAXX