ZiG brought more misery for consumers: CCZ

THE Consumer Council of Zimbabwe (CCZ) says the Zimbabwe Gold (ZiG) currency has brought more “challenges” for consumers than those they faced prior to its introduction, because people are failing to use the new currency outside the formal retail sector.

ZiG was introduced last month to replace the Zimbabwe dollar, but the new currency has faced public resistance, especially from commuter transport operators, making life difficult for consumers.

“As the Consumer Council of Zimbabwe, we were delighted when we heard that we are going to have a currency backed by gold reserves being announced by the governor of the Reserve Bank of Zimbabwe,” CCZ chief executive officer Rosemary Mpofu told NewsDay Business in an interview.

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