(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
(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