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IMF Praises Zimbabwe's Gold Currency Amid Reform Calls

6/11/2025

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Summary

Story summary

Zimbabwe's gold-backed currency, ZiG, has garnered praise from the IMF for its stability, yet the organization urges the need for more robust economic policies. After discussions with President Mnangagwa, officials highlighted strides in reducing exchange rate disparities and enhancing fiscal discipline, while exploring a program to bolster economic reforms and restore confidence in the ZiG.

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Story summary

Zimbabwe's gold-backed currency, ZiG, has garnered praise from the IMF for its stability, yet the organization urges the need for more robust economic policies. After discussions with President Mnangagwa, officials highlighted strides in reducing exchange rate disparities and enhancing fiscal discipline, while exploring a program to bolster economic reforms and restore confidence in the ZiG.