Zimbabwe unveils new gold-backed currency


HARARE, April 5 (Xinhua) -- Zimbabwe on Friday introduced to the market the much-awaited structured currency that monetary authorities expect to foster currency stability and contain rising inflation.

This is the latest attempt by the central bank to address Zimbabwe's currency challenges, having in the past launched several currencies, including the current bond notes that have been significantly eroded by high inflation.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Power outage halts Tokyo commuter train lines, disrupting thousands
U.S. stocks close higher as chip, financial stocks rally
4 injured in explosion and fire in Dutch city Utrecht
U.S. stocks close higher
Zelenskiy affirms Ukraine's commitment to peace after Trump's remarks
US tells UN all options on table, Iran warns it will respond to any aggression
Machado says she presented Trump with her Nobel Peace Prize medal
Brazil's Bolsonaro transferred to roomier cell in new prison after judge's order
South Africa's Kruger National Park shuts after severe floods
Venezuela's Rodriguez proposes oil reform to ease investment

Others Also Read