Which currency was issued by Zimbabwe to resolve the country's currency crisis?
ZiG
2024 April
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4/5 |
On April 5, 2024, the new central bank governor, John Mushayavanhu, introduced Zimbabwe Gold, a new currency to replace the beleaguered Zimbabwe dollar, which had lost 80% of its value against the U.S. dollar. The ZiG at the time was said to be backed by 2.5 tons of gold and $100 million in cash reserves.
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