Zimbabwe Announces New Currency Called the ZiG, Backed by Gold
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Zimbabwe Announces New Currency Called the ZiG, Backed by Gold
Zimbabwe, in its latest bid to end the serial slide of the local dollar, has replaced it with a new unit called the ZiG backed by a basket of foreign currency and gold. Central Bank Governor John Mushayavanhu told a press conference in Harare, the capital, on Friday, that the ZiG — short for Zimbabwe Gold — would be launched on April 8 at ...
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