Zimbabwe limits gold-buying incentives to $300 million as it weighs the cost of backing its currency

Business Insider Africa Zimbabwe will cap government spending on its gold-buying incentive scheme at $300 million through 2026.

The scheme’s future will be reviewed during preparations for the 2027 national budget to assess sustainability and scope. The program supports the Zimbabwe Gold (Zig) currency and is part of broader efforts to stabilize the country’s financial […] The postZimbabwe limits gold-buying incentives to $300 million as it weighs the cost of backing its currencyappeared first onNewZimbabwe.com.