RBZ injects US$64m to back ZiG

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The Reserve Bank of Zimbabwe (RBZ) Governor, John Mushayavanhu says the central bank has injected US$64 million in an attempt to support the Zimbabwe Gold (ZiG).

This adds to the US$50m released in July.

The ZiG has been losing value due to rising dollar demand and money supply growth, analysts say.

Zwnews