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Despite crackdown, Zimbabwe’s gold-backed currency is crumbling too, just four months later

Source link : https://www.afric.info/2024/09/05/news/despite-crackdown-zimbabwes-gold-backed-currency-is-crumbling-too-just-four-months-later/

Banknotes of the new national currency Zimbabwe Gold, ZiG for short, are presented at a press conference of the Central Bank of Zimbabwe. (Columbus Mavhunga/picture alliance via Getty Images) The Zimbabwe Gold currency launch in April has lost half its value, according to the black market.Retailers and businesses continue to undermine or reject the ZWG, […]

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Author : AFRICA-NEWS

Publish date : 2024-09-05 18:10:19

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