close
close

Zimbabwe seeks full convertibility of new ZiG currency, says finance chief Ncube

Zimbabwe will seek full convertibility of its new currency, the ZiG, as a way to further support the unit and protect it from collapse, according to Mthuli Ncubethe Minister of Finance.

The ZiG’s predecessor, the Zimbabwe dollar, could not be exchanged for other currencies or traded outside the country. The international community has “reacted positively” to the new unit since its launch last month and called on Zimbabwean authorities to ensure it remains stable, according to Ncube.