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Zimbabwe just introduced a new gold-backed currency in an attempt to fight inflation and wean off the US dollarThe Zimbabwe dollar — the currency the country most ... for a start: a shortage of US coins. Zimbabwe's shortage of US coins has resulted in people receiving their change in sweets, chocolates ...
The bulk of the coins were bought using the Zimbabwean dollar, which was replaced by the ZiG in April, after it lost 80% of its value against the greenback in just under four months. Governor John ...
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Zimbabwe's ZiG is the world's newest currency and its latest attempt to resolve a money crisisThe government had previously floated various ideas to replace the Zimbabwe dollar, including introducing gold coins to stem inflation and even trying out a digital currency. Since it was launched ...
ZIMBABWE issued its own currency for the first time since 2009 yesterday in a bid to ease shortages of the US dollar. Banks started issuing the new currency, termed bond notes, with their value pegged ...
"This currency will be issued in the form of notes and coins. All reserves of the Zimbabwean dollar will be transferred to it. The new currency will be backed by reserves of foreign currency and ...
HARARE – Truworths, once a high-end clothing retailer with over 100 branches across Zimbabwe, is being sold for just one dollar after going insolvent. The company’s downfall reflects the deep ...
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