{"id":93134,"date":"2024-04-13T11:37:35","date_gmt":"2024-04-13T09:37:35","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zig-wont-address-zimbabwes-economic-challenges-valerio"},"modified":"2024-04-13T14:53:19","modified_gmt":"2024-04-13T12:53:19","slug":"zig-wont-address-zimbabwes-economic-challenges-valerio","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zig-wont-address-zimbabwes-economic-challenges-valerio","title":{"rendered":"ZiG Won’t Address Zimbabwe’s Economic Challenges – Valerio"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>Opposition politician Elisabeth Valerio has said the introduction of a new currency, Zimbabwe Gold (ZiG) will not address the country\u2019s economic challenges without political consensus, the creation of a safe investimate climate, and transparency and accountability, among other issues.<\/p>\n

Reserve Bank of Zimbabwe Governor John Mushayavanhu announced the launch of the structured currency on 05 April 2024.<\/p>\n

According to the Central Bank, ZiG\u2019s value is anchored by equivalent value in precious minerals, primarily gold, or foreign exchange held for that purpose by the RBZ.<\/p>\n

Valerio, the only female presidential candidate in Zimbabwe\u2019s 2023 harmonised elections, said the country will not achieve currency stability without addressing the wider economic challenges of political instability, inconsistent and obscure monetary policies and the lack of confidence in Zimbabwe. She said:<\/p>\n

Whether currencies change or not \u2013 how our economy performs is what matters. High inflation and slow growth have been persistent problems affecting the value of our currency. An overnight change in currency cannot allay these.<\/p>\n

The resources and wealth of Zimbabwe must benefit the citizens of Zimbabwe. Furthermore, economic resilience must be strengthened through diversification and investment in key sectors.<\/p>\n

As UZA, we\u2019re committed to advocating for policies that promote stability and we are working to restore and strengthen Zimbabwe\u2019s industrial and economic capacity.<\/p>\n

This includes advocating for political stability and transparent economic strategies; encouraging investment; and capacitating entrepreneurs.<\/p>\n

By working together, we can build a stronger, more stable future for Zimbabwe.<\/p>\n

The leading opposition presidential candidate in last year\u2019s harmonised elections, Nelson Chamisa, also condemned the introduction of the structured currency, saying \u201cA bond note by another name will not fix our challenges.\u201d<\/p>\n

Chamisa said that the nation requires systematic political reforms rather than focusing solely on currency restructuring.<\/p>\n

He pointed out that currency reforms in the past have been unsuccessful, and he cautioned that the ZiG currency is likely to face challenges due to underlying issues such as \u201cbroken politics,\u201d disputed elections, and contested national processes.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Opposition politician Elisabeth Valerio has said the introduction of a new currency, Zimbabwe Gold (ZiG) will not address the country\u2019s economic challenges without political consensus, the creation of a safe investimate climate, and transparency and accountability, among other issues. Reserve Bank of Zimbabwe Governor John Mushayavanhu announced the launch of the structured […]<\/p>\n","protected":false},"author":84,"featured_media":93133,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,11542,19],"class_list":["post-93134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-zimbabwe-2","tag-elisabeth-valerio","tag-zimbabwe"],"yoast_head":"\nZiG Won't Address Zimbabwe's Economic Challenges - Valerio - zimbabwe<\/title>\n<meta name=\"description\" content=\"Opposition politician Elisabeth Valerio has said the introduction of a new currency, Zimbabwe Gold (ZiG) will not addres ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zig-wont-address-zimbabwes-economic-challenges-valerio\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ZiG Won't Address Zimbabwe's Economic Challenges - 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