Bloomberg on Nostr: Zimbabwe Central Banker’s Mission Impossible to Save Economy Clocks 100 Days ...
Zimbabwe Central Banker’s Mission Impossible to Save Economy Clocks 100 Days
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Zimbabwe's central bank governor, John Mushayavanhu, has achieved currency stability and tamed price pressures in his first 100 days in office. He introduced the Zimbabwe Gold (ZiG) currency, which has remained relatively stable since its introduction and has helped keep monthly inflation in check. Mushayavanhu has also vowed to stick with orthodox monetary policy and avoid printing money. However, businesses and investors remain skeptical about the sustainability of these achievements, given the country's economic challenges, including an El Niño-induced drought and lower commodity prices.
#Zimbabwe #Economy #CentralBank #Currency #Inflation
https://www.bloomberg.com/news/articles/2024-07-06/zimbabwe-zig-zwg-usd-central-banker-tames-currency-turmoil
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Zimbabwe's central bank governor, John Mushayavanhu, has achieved currency stability and tamed price pressures in his first 100 days in office. He introduced the Zimbabwe Gold (ZiG) currency, which has remained relatively stable since its introduction and has helped keep monthly inflation in check. Mushayavanhu has also vowed to stick with orthodox monetary policy and avoid printing money. However, businesses and investors remain skeptical about the sustainability of these achievements, given the country's economic challenges, including an El Niño-induced drought and lower commodity prices.
#Zimbabwe #Economy #CentralBank #Currency #Inflation
https://www.bloomberg.com/news/articles/2024-07-06/zimbabwe-zig-zwg-usd-central-banker-tames-currency-turmoil