Story by Stanley James, Business Editor
THE Reserve Bank of Zimbabwe (RBZ) has revealed that the Zimbabwe Gold (ZiG) currency remains the country’s legal tender.
In a statement issued this Monday, the central bank revealed that the structured currency is legally constituted in terms of its mandate as the domestic currency.
The RBZ also stated that the ZiG was established through Presidential Powers proclaimed under Statutory Instrument 60 of 2024 which constitutes a one-time act of currency reforms.
Monetary authorities further clarified that the lapsing of the Presidential Temporary Powers that established the currency does not create a gap in the law.
