BREAKING: Zimbabwe Introduces New Gold-Backed Currency, the Zimbabwe Gold (ZiG)
BREAKING NEWS (as of today, April 5, 2024)
The Reserve Bank of Zimbabwe has introduced a new gold-backed currency, the Zimbabwe Gold (ZiG), effective this coming Friday. This is the latest attempt to stabilize the country’s economy.
Here’s what we know so far:
- All banks will accept old Zimbabwean dollar notes for the next 21 days.
- ZiG banknotes will come in denominations of 1, 2, 5, 10, 20, 100, and 200.
- There will also be smaller denominations of half ZiG and quarter ZiG.
We’ll keep you updated on further details as they become available.
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