The move is expected to help reduce inflation, the governor of the southern African nation’s central bank has said Zimbabwe has introduced a new national currency aimed at stabilizing the economy and countering the devaluation of the local dollar in the southern African nation. Harare has also appealed to the United Nations for $2 billion in aid to help with food insecurity. The ‘structured currency’ – Zimb Gold (ZiG) – will be anchored mainly on gold and foreign currency reserves, Zimbabwe’s Reserve Bank governor, John Mushayavanhu, announced on Friday while presenting the country’s 2024 monetary policy statement
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