Image- InfoZimZw (RBZ Governor John Mushayavanhu) The Reserve Bank of Zimbabwe (RBZ) says the country’s gold-backed currency Zimbabwe Gold (ZiG) should be allowed to float freely on the foreign exchange market. This was said by the central bank’s deputy governor Innocent Matshe in Bulawayo recently, without giving more details as to when this would happen. […]

The switch from the current system, where the central bank sets a daily price and permits incremental day-to-day changes, will be determined by market developments, said Matshe. He gave no timeline for implementation.

HARARE-- Zimbabwe wants its gold-backed currency to float freely on the foreign exchange market, the central bank’s deputy governor said, though he declined t