Zimbabweans across the globe have expressed mixed feelings following the introduction of the new structured currency, Zimbabwe Gold (ZiG) by the Reserve Bank of Zimbabwe (RBZ).
The introduction is with effect from April 5.
Presenting the 2024 Monetary Policy, RBZ Governor John Mushayavanhu said, ZiG will be backed by reserves and royalties.
However, the new development seems not to have convinced Zimbabweans who are battling the effects of high inflation.
Some have described the new monetary policy as barbaric while some said the money has been named after Zig-Zag band.
Below are some of the reactions:
Hopewell Chin’ono
This is the new Zimbabwean local currency unveiled today by the new central bank governor, John Mushayavanhu.
This new currency is called ZiG.
It has already been nicknamed Zigi Mari after reggae star Ziggy Marley🤣🤣🤣
Mari means money in Shona!
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So now when I go to Zimbabwe, instead of asking for change, I’ll be asking for “a little bit of Ziggy.”
Guess it’s time for my wallet to embrace Rastafarian vibes.- Dividends Growth Hustler
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Money is psychological! Once we think there is no value in those who gave us the money, we will never see its worth!- Tafadzwa Simon Says
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Interesting developments in Zim with the unveiling of the Zig. Hope they got it right this time.-Douglas Orang’i
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The official exchange rate is pegged at 13k. The million-dollar question is, will the black market rate retreat?-Collin Mavangira
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Bearer Check /Bond Notes /ZWL/ZIG 🤣🤣🤣 . What’s next? John was better.-@Mukono Joseph3
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Hahaha is this a way of milking our hard-earned USD like they once did N left us with only papers in our pockets.-Wadex
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From the bread basket of Africa to the laughing stock of Africa 😭😭.-ManFromNyasaland
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This nonsense has already started to lose value. Just from the print alone, you can tell it is a worthless currency.🤣🤣🤣.-Jeck Bhawa
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Do I need to count how much I will carrying or I need to know the value of what I will be carrying? Another headache!!!!!!!.-Limukani ndlovu
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