In this insightful discussion, Developmental Economist Dr Prosper Chitambara examines the faltering fortunes of Zimbabwe's new currency, the Zimbabwe Gold (ZiG), just five months after its ambitious launch. Initially set to replace the US dollar by 2026, the ZiG has plummeted nearly 80% in value on the black market, raising severe concerns about its future viability. Dr Chitambara addresses critical issues, including the lack of public confidence in the currency, the impact of rising grain imports on foreign reserves, and the troubling trend of businesses preferring US dollars for transactions. He also discusses the government's strategy to make the ZiG the sole currency and whether the gold backing provides enough stability to regain trust. With the economy hanging in the balance, what adjustments are necessary to ensure the ZiG's survival? Don't miss this critical analysis; watch now!
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