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Sunday, July 14, 2024

Retailers give ZiG a thumbs up

Story by Grace Sibanda

RETAILERS are taking the lead in facilitating smooth transactions using the new ZiG currency, in a move which has brought convenience to consumers.

Economic experts concur that the strength of a nation lies in its ability to have a strong currency and the introduction of the ZiG currency has gone a step further in revealing the Second Republic`s vision of turning around the economy for the benefit of the citizenry.

Rallying behind the government in promoting the new currency are retailers and business people.

“There is power in using our local currency and we encourage our customers use it, the more we use our own currency the easier we can eventually stamp out the unscrupulous exchange rates.

“Use of our local currency goes a long way in ensuring that our currency circulates so that we are also able to buy in our local currency as well,” said Rensford Manufacturing director, Mr Ignatius Kwindingwi.

“Our currency is our identity and we ought to be proud of the ZiG, our clients are able to buy many products in the local currency and their support shows that we are going in the right direction.

“This support will also go a long way in building our country to higher heights and we as business owners are supportive of these initiatives from government,” said the Managing Director of MAC Motors, Mr Mackenzie Dongo.

The Deputy Minister of Industry and Commerce, Honourable Raj Modi, a retailer in his own right, has implored businesses and retailers to support the new currency.

“There are some retailers who are using the 10% rate which has been scratched out by the new SI unit, hence I call upon retailers to adhere to the set by-laws and support the vision of our President and we support our local currency.

“There are some people who have put ridiculous rates while the official rate is 13.48, hence I call upon fellow retailers to stick to this lest they face arrest,” he said.

The introduction of the ZiG has been described as lasting solution to currency stability challenges, as the new currency is backed by gold, other precious minerals and the United States dollar.

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