ZiG ready to champion economic growth: Mutsvangwa

Staff Reporter

The ZANU PF Party has called on Zimbabweans to fully embrace the newly introduced ZiG currency, championing it as a cornerstone for economic independence and growth.

During a press conference at the Party’s headquarters yesterday, the ZANU PF Secretary for Information and Publicity, Cde Mutsvangwa, articulated a strong case for the national currency, bolstered by positive evaluations from international bodies such as the International Monetary Fund (IMF).

"The Government remains resolute in its pledge to maintain the integrity and value of the currency without any interference. Thus, there exists no valid justification for Zimbabweans to waver in their trust and confidence towards the ZiG currency,” declared Cde Mutsvangwa.

Cde Mutsvangwa emphasised that recent acknowledgments by the IMF regarding Zimbabwe’s economic growth further solidify the foundation for the ZiG currency’s stability.

He further stressed the essential role of national unity in supporting the ZiG currency, which he described as "strong and reliable."

Cde Mutsvangwa also addressed the retail and business sectors directly, insisting on the acceptance of the ZiG currency in all transactions.

"We are generating wealth through gold production, and no entity should overlook the significance of ZiG in transactions. It is backed by authentic gold reserves and should be accepted without hesitation," he asserted.

Furthermore, Cde Mutsvangwa touched on the issue of foreign currency usage, particularly the United States dollar, cautioning against its preference over the local currency.

"Geopolitical considerations should not overshadow the value of our currency. Even the international community must recognise the strength of our currency; it stands on equal footing," he advised.

Amidst ongoing economic challenges, such as those posed by drought conditions, the Party reassured citizens of its preparedness and proactive stance.

"The Government has implemented robust fiscal policies to mitigate the impact of drought. We are well-prepared to navigate through these challenges," Cde Mutsvangwa affirmed.

Economist Edith Mushore said the call for unity and confidence in the ZiG currency is more than a fiscal directive; it is a movement towards reclaiming economic sovereignty and charting a path towards sustained prosperity and growth.

“The collective support and confidence of the nation are deemed essential for the currency to fulfil its potential as a stabilising force in Zimbabwe’s economy,” said Mushore.