Fastjet now accepts flailing ZiG currency, but cashes in with exorbitant rates
African airline Fastjet is now accepting the recently introduced local currency, the Zimbabwe Gold (ZiG), for bookings and payments. Headquartered in Johannesburg, Fastjet serves regional flights between South Africa, Botswana and Zimbabwe. Fastjet accepting the new currency however has been met with skepticism by some who doubt its wider adoption due to the government’s own reluctance to use it and what some believe is companies cashing in by charging exorbitant rates. Experts argue that the Reserve Bank of Zimbabwe (RBZ) must defend ZiG on the open market and not arrest people.