Following the pronouncement of the 2024 Monetary Policy Statement by the Reserve Bank of Zimbabwe (“RBZ”) on 05 April 2024, the Zimbabwe Stock Exchange Limited (“ZSE”) wishes to advise stakeholders on the following trading adjustments that will be implemented effective 08 April 2024 in light of the new structured currency named Zimbabwe Gold (“ZiG”).
Currency Conversion Rate
The trading adjustments on the ZSE will be converted at the initial conversion exchange rate of ZiG1 to ZW$2498.7242 which is prescribed in the operational manual for structured currency issued by the RBZ on 5 April 2024.
Opening Share Price
All share prices will now be denominated in ZiG, therefore the opening prices for the trading session effective 08 April 2024 will reflect the ZiG currency. For ease of reference, all prices will be shown in ZiG cents (ZiG price multiplied by 100).
ZSE Price Sheets
The price sheets for all ZSE boards, namely the Equity Board, REIT Board, and ETF Board, will be available and distributed in ZiG currency going forward. As stated above, for ease of reference, all prices will be shown in ZiG cents (ZiG price multiplied by 100).
