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The ZiG currency is currently trading at a rate of 13:56 against
Despite the new currency being met with skepticism by some quarters of the society, NMBZ has expressed optimism on the new currency's potential to ease inflationary pressures.
"The new monetary framework has re-monetized the local currency and enhanced its functions as a medium of exchange and store of value. The framework is envisaged to foster stability, simplicity, certainty and predictability in the execution of monetary and financial affairs.
"Inflation is expected to stabilize and average between 2 and 5% annually. Key sectors such as mining (gold and other critical minerals) and tourism are expected to drive economic growth in 2024," she said.
The group noted that the year started the year on a positive note with a number of developments taking place which include the
The bank also reviewed and revamped its policies and procedures to embed sustainability standards over and above adopting a number of standards including the IFC Performance Standards and on reporting, the GRI framework.
"In inflation adjusted terms, the Group generated operating income of ZWL1.3 trillion for the quarter ended
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