Zimbabwe Introduces Gold-Backed Currency to Tackle...
International News
April 9, 2024
In a bid to address currency volatility and combat soaring inflation, Zimbabwe takes a bold step by unveiling a new gold-backed currency. Spearheaded by Reserve Bank Governor John Mushayavanhu, the initiative aims to stabilize the nation's economy by anchoring the currency to the value of gold reserves. This move signals a departure from previous monetary strategies and reflects efforts to restore confidence in the country's financial system.