Zimbabwe is urging its gold miners to significantly boost output to support the newly launched Zimbabwe Gold (ZiG) currency, which is anchored on the nation’s gold reserves. With a goal to increase gold production from 30.src tons last year to 40 tons this year, the government is incentivizing both artisanal and large-scale miners to contribute.
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Zimbabwe is urging its gold miners to significantly boost output to support the newly launched Zimbabwe Gold (ZiG) currency, which is anchored on the nation’s gold reserves. With a goal to increase gold production from 30.src tons last year to 40 tons this year, the government is incentivizing both artisanal and large-scale miners to contribute. This push comes as part of Zimbabwe’s broader strategy to stabilize its economy and ensure the success of the ZiG, backed by 2.5 tons of gold and $src00 million in reserves. This marks the country’s sixth attempt in src5 years to establish a functional local currency.
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