Menu
Home
Forums
New posts
Search forums
What's new
Featured content
New posts
New media
New media comments
New resources
Latest activity
Media
New media
New comments
Search media
Resources
Latest reviews
Search resources
Misc
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Labrish
Nyuuz
ZiG Inflation Crushing Wallets Til September
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Munyaradzi Mafaro, post: 40977, member: 636"] Zimbabwe's central bank says prices will keep rising until September. The country's new money called ZiG shows inflation at 92 percent. Bank chief John Mushayavanhu told people not to worry about the high numbers. He says the figures look bad because ZiG started only last year. Monthly price increases have stayed under one percent for three months. The bank blames the scary numbers on math problems with the new currency. ZiG began as Zimbabwe's money during April 2024. Prices jumped sharply last October and made the yearly numbers look worse. Mushayavanhu says real inflation will drop after September when the numbers become more normal. He wants people to watch monthly changes instead of yearly ones. Zimbabwe has much more money saved up since ZiG started. The country went from 257 million dollars to almost 700 million dollars in reserves. Bank leaders promise to keep tight control over money policy. They want to make sure prices and exchange rates stay steady. The central bank believes ZiG will prove stable once the early problems pass. [/QUOTE]
Insert quotes…
Name
Post reply
Home
Forums
Labrish
Nyuuz
ZiG Inflation Crushing Wallets Til September
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top