Stable currency key to fostering macroeconomic stability: Zimbabwean president

HARARE, Oct. 2 (Xinhua) -- Zimbabwean President Emmerson Mnangagwa on Wednesday underscored the importance of maintaining a stable currency to foster macroeconomic stability in the country.

"Currency stabilization is at the core of macroeconomic stability. The adoption of the Zimbabwe Gold (ZiG) in April 2024, was an important step toward stabilizing the domestic currency anchored by our gold and precious metal reserves," Mnangagwa said in an address in the new parliament building. "It remains the duty of all of us to respect and abide by measures and instruments intended to maintain economic stability and tame inflation."