IMF Finally Notices Zimbabwe’s New Currency, ZiG

Date:

Facebook10
X (Twitter)210
LinkedIn10
Share
10
Follow by Email10
Copy link

HARARE – The International Monetary Fund (IMF) has emerged from its deep slumber to acknowledge Zimbabwe’s bold new currency, the Zimbabwe Gold (ZiG).

After years of ignoring the country’s economic woes, the IMF has finally taken notice and is impressed – not with the currency itself, but with the sheer audacity of Zimbabwe’s leaders.

“The introduction of ZiG represents a significant policy action accompanied by several complementary policy changes, including monetary, currency and fiscal policy measures,” the Washington based IMF spokesperson told Bloomberg.

Zimbabwe has been unable to access financing from prominent international lenders like the IMF for over 20 years. This is due to its failure to service its debt obligations to various creditors, including the World Bank, African Development Bank, and European Investment Bank.

As a result, the country has been excluded from receiving crucial financial support from these institutions, hindering its economic progress and development.

The IMF’s endorsement is a backhanded compliment, essentially saying, “Good job, Zimbabwe! You’ve managed to surprise us with your unorthodox approach to economics. We’re not sure if it will work, but hey, at least you’re trying something new!”

Facebook10
X (Twitter)210
LinkedIn10
Share
10
Follow by Email10
Copy link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

End Police Brutality: WALPE

HARARE - The Women’s Academy for Leadership and Political...

CSOs Demand Release of Detained Female Activists

By Rumbidzai Mutomba HARARE- Civil Society Organizations (CSOs) say they...

Obituary: Lucy Yasini: A symbol of journalistic resistance

Opinion By Nigel Nyamutumbu The only weapon Lucy Yasini carried...

79 CCC activists arrested while gathered at Jameson Timba’s residence

HARARE- Amidst the aftermath of brutal mistreatment from the...