background img
May 21, 2024
29 Views
Comments Off on Zimbabwe urges Gold miners to boost output to back new ZiG currency

Zimbabwe urges Gold miners to boost output to back new ZiG currency

Written by

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.

Spread the love

Business *

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.

Sign up for your early morning brew of the BizNews Inside

See original postRead More

Spread the love
Article Categories:
Business
-->

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.

.. . . . . . . . . . . . . . . . . . . . . . . . . .... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .