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Tuesday, June 18, 2024

Informal sector embraces ZiG

Informal sector embraces ZiG

Story by Lisa Masuku

Small to medium enterprises in Bulawayo are yearning to access the new currency, calling on monetary authorities to release more ZiG notes and coins into circulation.

“We have not seen or held the new currency, the only time I was able to see the ZiG is when I went to buy something at one supermarket and I saw someone buying using 10 ZiG,” said one of the residents.

Another added, “We have not touched or seen the ZiG. We hear about it on television and social media.”

The informal sector is also of the view that the Reserve Bank of Zimbabwe should intensify awareness campaigns to promote the new currency.

“We really want this money to circulate so I think more awareness campaigns will help us,” another resident noted.

The country’s new currency was introduced last month to arrest inflation and ensure exchange rate stability.

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