Zimbabwe’s small-scale gold producers said government plans to double a mining royalty will deter investment and spur an increase in smuggling of the precious metal.
Zimbabwe’s small-scale gold producers said government plans to double a mining royalty will deter investment and spur an increase in smuggling of the precious metal.
Gold is weighed at a small-scale gold mine in Zimbabwe.
Zimbabwe doesn’t intend to completely wean itself off utilizing the US dollar, even as it moves toward adopting the ZiG as its primary currency by 2030.
Zimbabwe doesn’t intend to completely wean itself off utilizing the US dollar, even as it moves toward adopting the ZiG as its primary currency by 2030.
A twenty ZiG banknote at a market in Harare, Zimbabwe.
Zimbabwe will introduce a new royalty structure for gold miners as the mineral-rich southern African nation seeks to cash in on a surge in the price of the metal.
Zimbabwe will introduce a new royalty structure for gold miners as the mineral-rich southern African nation seeks to cash in on a surge in the price of the metal.
The central business district of Harare. Photographer: Cynthia R Matonhodze/Bloomberg
Zimbabwe expects to build a sufficient foreign-exchange buffer to enable it to transition to a single currency and phase out the use of US dollars in everyday transactions within the next three years, the deputy central bank governor said.
Zimbabwe expects to build a sufficient foreign-exchange buffer to enable it to transition to a single currency and phase out the use of US dollars in everyday transactions within the next three years, the deputy central bank governor said.
The ZiG accounts for about 40% of daily transactions.
Anmelden
