Zimbabwe Launches New Gold-backed Currency
Barron's - Zimbabwe's central bank launched a new "structured currency" backed by gold on Friday, as it seeks to tackle sky-high inflation and stabilize the country's long-floundering economy.
The ZiG -- short for Zimbabwe Gold -- will replace the Zimbabwean dollar which has tumbled in value over the past year, pushing inflation through the roof, Reserve Bank governor John Mushayavanhu said.
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