Zimbabwe Central Bank Mulls More Measures to Protect Currency
- FX reserves have risen since ZiG’s introduction in April
- Central bank chief also pledges tight monetary policy
ZiG banknotes
Photographer: Cynthia R Matonhodze/BloombergThis article is for subscribers only.
Zimbabwe’s central bank governor John Mushayavanhu said he will consider using the country’s reserves to protect the bullion-backed currency against severe market disruptions.
Mushayavanhu also pledged to maintain a tight monetary policy stance, characterized by positive interest rates to ensure durable inflation and exchange rate stability.