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US Dollars Dethrone Zimbabwe’s Currency for Second Time
Bloomberg via Yahoo News· 1 year ago(Bloomberg) -- The greenback has replaced the Zimbabwean dollar as the most-used currency in the...
Inflation is so bad in Zimbabwe that the country is now issuing gold coins to its citizens
Fortune via Yahoo Finance· 2 years agoAs a global inflationary wave continues to send costs soaring for everything from fuel to groceries,...
Zimbabwe Inflation Back at Three Digits After Currency Crashes
Bloomberg via Yahoo News· 11 months ago(Bloomberg) -- Zimbabwe’s annual inflation rate raced to triple digits for the first time in five...
Battered Zimbabwe Currency Falls Past 20,000 Per Dollar in Official Trade
Bloomberg via Yahoo News· 2 months ago(Bloomberg) -- In less than two months, the Zimbabwean dollar has breached another significant...
Zimbabwe's Gold-Backed Digital Token Won't Fix the Country's Currency Woes, Economists Say
CoinDesk via Yahoo Finance· 11 months agoSound macroeconomic policies like raising interest rates and bringing down the country's deficit...
Zimbabwe Will Convert Annual Budget to Reflect New Currency
Bloomberg via Yahoo News· 3 weeks ago(Bloomberg) -- Zimbabwe will convert its annual budget to its gold-backed currency, the ZiG, which...
Zimbabwe Won’t Print More ZiG Notes Unless They Are Backed by Reserves
Bloomberg via Yahoo News· 1 month ago(Bloomberg) -- Zimbabwe won’t print additional ZiG notes unless it has the reserves to back the new...
Could More Countries Start Using Gold Coins to Fight Inflation?
Benzinga via Yahoo Finance· 2 years agoRampant inflation has been a major concern for most countries worldwide. However, developing...
UPDATE 3-Zimbabwe launches gold-backed currency to replace battered local dollar
Reuters via Yahoo Finance· 2 months agoZimbabwe is replacing its collapsing local currency with a new one backed by gold and foreign currencies that it hopes will be more stable and help bring down inflation, the central bank said ...
Zimbabwe Replaces Battered Dollar With New Gold-Backed Currency Called ZiG
Bloomberg via Yahoo News· 2 months ago(Bloomberg) -- Zimbabwe, in its latest bid to end the serial slide of the local dollar, has replaced...