Zimbabwe, whose currency declined 80% before being abandoned, is now worried about its new unit appreciating too fast.
The ZiG has advanced 1.6% against the dollar since it was introduced on April 5, spurring concerns that it will hurt exporters who shipped $6.6 billion of gold, tobacco and other goods last year. Zimbabwe’s central bank is ready to intervene and curb excessive gains, Governor John Mushayavanhu said.
