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business Apr 21, 2026, 3:14 PM
Zimbabwe central bank claims currency is undervalued against dollar - Zimbabwe's gold-backed currency, the ZiG, is currently valued at 25 to the US dollar, yet the Reserve Bank believes it should be at 15.
- Governor John Mushayavanhu indicated that the current valuation reflects weak market confidence in the currency.
- The central bank aims to restore trust in the ZiG and reduce dependency on the US dollar.
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2026 All rights reserved
2026 All rights reserved