The introduction of Zimbabwe’s ZiG currency has been met with widespread rejection due to its steep devaluation and inability to stabilize the economy. Merchants, public transport operators, and civil servants have expressed dissatisfaction, with the currency failing to meet essential needs, like purchasing fuel.
Despite the government’s intentions to ease inflation, public distrust persists, which undermines efforts to integrate the currency. Many view it as another failed experiment amidst Zimbabwe’s ongoing economic challenges.
Zimbabweans are increasingly rejecting the Zimbabwe Gold (ZiG) after a 40% devaluation by the central bank. Merchants, transport operators, and other businesses are concerned about the currency’s instability, with many refusing to accept it due to concerns about inflation and lack of fuel availability.
Despite the government’s belief that devaluation will curb inflation, traders are pushing back, citing unfavorable exchange rates and the currency’s devaluation. This has led to a tense situation where many citizens are no longer willing to accept the ZiG for transactions.
