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Zimbabwe launches new gold-backed currency
short by Ankush Verma / on Thursday, 11 April, 2024
Zimbabwe has introduced a new gold-backed currency called ZiG, which stands for Zimbabwe Gold, amid the economic crisis. ZiG, which comes in denominations of between 1 and 200, replaces Zimbabwean dollar that had lost three-quarters of its value so far this year. Zimbabweans have 21 days to exchange old, inflation-hit notes for the new currency.
read more at Reuters