Day: April 9, 2024

Zimbabwe’s New Gold-Backed Currency Faces Hurdles in Fuel Purchases

The Zimbabwe Gold (ZiG), heralded as a pivotal move to stabilize the volatile domestic currency, still falls short in its utility for purchasing fuel at service stations, according to a statement released by the Reserve Bank of Zimbabwe (RBZ). Announced by central bank governor John Mushayavanhu on Friday, the new gold-backed ZiG commenced trading on […]

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