zimbabwe.

Zimbabwe launches new gold-backed currency – called ZiG

💥💥💥💥💥💥💥💥💥https://t.co/3cTLmjMgcy pic.twitter.com/DVTAPxwdNJ — HOTROD (@RubenRodInSa) April 5, 2024 Zimbabwe has introduced a new gold-backed currency called ZiG – the name stands for “Zimbabwe Gold”. It is the latest attempt to stabilise an economy that has lurched from crisis to crisis for the past 25 years. Unveiling the new notes, central bank governor John Mushayavanhu said …

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Gold-backed currency: Might happen in Zimbabwe.

HARARE, ZIMBABWE —  Zimbabwe’s government said Monday it is introducing a gold-backed currency to replace the country’s nearly worthless dollar, which most businesses have shunned, preferring the U.S. dollar or South African rand. Minister for Finance and Economic Development Mthuli Ncube told reporters in an online press conference that Zimbabwe was making the move to …

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