ZiG NOTES AND COINS START CIRCULATING Various denominations of the Zimbabwe Gold notes and coins were put into circulation today by the Reserve Bank of Zimbabwe. The decision to back the currency with gold is an attempt to address the hyperinflation that plagued the previous currency, the Zimbabwe Dollar. #NRTVnews #ZiG #zimcurrency #BeyondYourImagination
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The new Zimbabwe Gold notes and coins are now available to the public. The new currency, introduced on April 5, is backed by at least 2.5 tons of gold bullion, and U.S. dollar reserves. The ZiG replaces the Zimbabwe dollar which was rapidly depreciating against major currencies. | CGTN Africa
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#FPUnpacked: Zimbabwe has launched ZiG, a new gold-backed currency, aiming to stabilise its economy amidst decades of tu rmoil. The ZiG will replace the Zimbabwean dollar, which lost three-quarters of its value this year. Meanwhile, the country saw a 55% inflation peak in March this year. The Reserve Bank of Zimbabwe Governor John Mushayavanhu says that a structured approach with a market-determined exchange rate will help stabilise the new currency. Zimbabweans have 21 days to exchange old note
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