Monday 28 October 2024

ZiG NO LONGER CURRENCY, SAYS FULCRUM

The Zimbabwe Gold (ZiG) has lost its status as a legal tender as the law which introduced the currency lapsed on October 4, a top lawyer has said, in a fresh setback to the six-month-old local unit.

Top lawyer Advocate Thabani Mpofu said on Saturday the ZiG was operationalised by the promulgation of the Presidential Powers (Temporary Measures) (Amendment of Reserve Bank of Zimbabwe Act and Issue of Zimbabwe Gold Notes and Coins) Regulations, 2024 which lapsed after six months.


 

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