Reserve Bank of Zimbabwe Governor, Dr John Mushayavanhu, said
in his Mid Term Monetary Policy Statement yesterday that the currency stability
had restored confidence in ZiG, with companies and individuals now keeping
their money in banks with minimum concern for loss of real value.
“The ZiG currency was fully embraced by businesses and
accepted by the transacting public for both transactional and savings purposes.
Importantly, the results suggest that public confidence in ZiG has been
improving because of the increased stability and predictability of the local
currency.
“As such, the RBZ remains steadfast in ensuring that the
current stability is consolidated to achieve and sustain low and stable
inflation in the medium to long term.
“The stability of the exchange rate has resulted in subdued
inflationary pressures in the economy as inflation expectations remain anchored.”
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