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Zimbabweans hit by soaring inflation: Will gold coins help?

Summary by Ground News
Many Zimbabweans fear the country is heading back to such hyperinflation. To prevent a return of such economic disaster, President Emmerson Mnangagwa's government last month took the unprecedented step of introducing constitutional change. The country's central bank, the Reserve Bank of Zimbabwe, said that because the value of the one-ounce, 22-carat coins would be by the international price of gold, they will help tame the runaway inflation and stabilize the nation's currency.
1 month ago·Harare, Zimbabwe

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abc Newsabc News

Zimbabweans hit by 257% inflation: Will gold coins help?

Rising prices and a fast depreciating currency have pushed many in Zimbabwe to the brink, reminding people of when the southern African country faced world-record inflation of 5 billion% in 2008

1 month ago·United States
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Associated Press NewsAssociated Press News

Zimbabweans hit by 257% inflation: Will gold coins help?

Rising prices and a fast depreciating currency have pushed many in Zimbabwe to the brink, reminding people of when the southern African country faced world-record inflation of 5 billion% in

1 month ago·United States
Read Full Article
KRDOKRDO

Zimbabweans hit by 257% inflation: Will gold coins help?

By FARAI MUTSAKA Associated PressHARARE, Zimbabwe (AP) — Rising prices and a fast depreciating currency have pushed many in Zimbabwe to the brink, reminding people of when the southern African country faced world-record inflation of 5 billion% in 2008. With inflation jumping from 191% in June to 257% in July, many Zimbabweans fear the country is heading back to hyperinflation. To prevent a return of such economic disaster, President Emmerson Mna…

1 month ago
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MY NorthwestMY Northwest

Zimbabweans hit by soaring inflation: Will gold coins help?

HARARE, Zimbabwe (AP) — After working as an overnight security guard at a church in Harare’s impoverished Mabvuku township, Jeffrey Carlos rushes home to help his wife fetch water to sell.Prolonged water shortages mean most residents of the capital city of more than 2.4 million must source their own water. Carlos is lucky because the property he rents has a well and his family can haul up buckets of water to sell to neighbors.“This is our gold,”…

1 month ago·Tacoma, United States
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News 4 JAXNews 4 JAX

Zimbabweans hit by soaring inflation: Will gold coins help?

After working as an overnight security guard at a church in Harare's impoverished Mabvuku township, Jeffrey Carlos rushes home to help his wife fetch water to sell.Prolonged water shortages mean most residents of the capital city of more than 2.4 million must source their own water. Carlos is lucky because the property he rents has a well and his family can haul up buckets of water to sell to neighbors.“This is our gold," he says of the well wat…

1 month ago·Jacksonville, United States
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Click on DetroitClick on Detroit

Zimbabweans hit by soaring inflation: Will gold coins help?

After working as an overnight security guard at a church in Harare's impoverished Mabvuku township, Jeffrey Carlos rushes home to help his wife fetch water to sell.Prolonged water shortages mean most residents of the capital city of more than 2.4 million must source their own water. Carlos is lucky because the property he rents has a well and his family can haul up buckets of water to sell to neighbors.“This is our gold," he says of the well wat…

1 month ago·Detroit, United States
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