Story by Owen Mandovha, Business Reporter
The ZiG currency continues to experience widespread usage in the economy, with the latest statistics showing that local currency transactions on the National Payments System have risen by 17 percent since the introduction of the currency in April 2024.
A statement released by the Reserved Bank of Zimbabwe on Monday revealed that local currency transactions on the National Payments System have since risen from 26 percent in April last year to the current level of 43 percent.
According to the RBZ, the amount of foreign currency reserves now stands at more than US$700 million, another important milestone in supporting the ZiG currency.
The Reserve Bank of Zimbabwe also noted that the economy is set to achieve its set growth target of six percent this year, owing to a successful agricultural season.
