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Zimbabwe's ZiG Currency Strengthens Day After Debut Even as it Roils Commerce

(Bloomberg) Zimbabwe’s new gold-backed currency the ZiG strengthened a day after its debut, even as it roiled commerce nationwide as banks, retailers and utilities battled to switch to the new unit.Most Read from BloombergTrumpism Is Emptying ChurchesIran’s Better, Stealthier Drones Are Remaking Global WarfareBlackstone Nears Buyout of Skin-Care Company L’OccitaneWhy India’s South Rejects Modi — And Why It MattersGermany to Order Ships, Armored Vehicles Worth Up to €7 BillionIt gained 0.2% to ....

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Zimbabwe just introduced a new gold-backed currency in an attempt to fight inflation and wean off the US dollar

The gold-backed ZiG is Zimbabwe's sixth attempt at a new currency since 2008. ....

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Zimbabwe returns to gold standard in battle to kill off hyperinflation

Zimbabwe has launched a new gold-backed currency to replace the dollar, in the latest effort to shore up the perennially crisis-hit economy. ....

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Zimbabwe's New Central Banker Tasked to Fix 77% Currency Crash

(Bloomberg) John Mushayavanhu, Zimbabwe’s new central bank governor, has a gargantuan task ahead of him: restore credibility to an institution better known for printing 100 trillion dollar bills and 200% interest rates than coherent monetary policy.Most Read from BloombergTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionApple Explores Home Robotics as Potential ‘Next Big Thing’ After Car FizzlesKim Jong Un Faces Annihilation in Most Korea War ScenariosTSMC Facilities to Resume ....

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RBZ forex policy chokes exporters -Newsday Zimbabwe

“Average selling prices for both export and local sales held at the same level as those experienced in the prior comparative period,” it said. ....

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