Published 27 days ago

Zimbabwe introduces new gold-backed currency to tackle inflation

The Reserve Bank of Zimbabwe launched a new currency called ZiG, backed by gold reserves and foreign currencies.
The Zimbabwe dollar has faced significant devaluation, reaching 30,000 against the US dollar officially and 40,000 on the black market.
Inflation in Zimbabwe has spiked, with rates increasing from 26.5% to 55.3% within a few months.

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BBC News

Zimbabwe launches new gold-backed currency

The ZiG is the country's latest attempt to stabilise the economy following years of crisis.

27 days ago·United Kingdom

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Associated Press News

Zimbabwe introduces new currency as depreciation and rising inflation stoke economic turmoil

Zimbabwe has launched a new currency to replace its previous one that in recent months has been battered by depreciation, and in some instances rejection by the population.

27 days ago·United States

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abc News

Zimbabwe introduces new currency as depreciation and rising inflation stoke economic turmoil

Zimbabwe has launched a new currency to replace its previous one that in recent months has been battered by depreciation, and in some instances rejection by the population

27 days ago·United States

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The Star Kuala Lumpur

Zimbabwe unveils new gold-backed currency

HARARE, April 5 (Xinhua) -- Zimbabwe on Friday introduced to the market the much-awaited structured currency that monetary authorities expect to foster currency stability and contain rising inflation. Read full story

27 days ago·Malaysia

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Globo

Zimbabwe throws out a gold-plated currency to replace a dollar that collapses.

O ZiG, abreviatura de Zimbabwe Gold, terá um valor inicial de 13,56 por dólar americano

26 days ago·Brazil

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News24

Zimbabwe ditches Zim dollar for new gold-backed currency called ZiG

Zimbabwe's central bank launched a new "structured currency" backed by gold on Friday, as it seeks to tackle sky-high inflation and stabilise the country's long-floundering economy.

27 days ago·South Africa

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