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Zimbabwe Shifts to Gold-backed Currency, Replacing Devalued Dollar

Zimbabwe Shifts to Gold-backed Currency, Replacing Devalued Dollar
nasdaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nasdaq.com Daily Mail and Mail on Sunday newspapers.

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Zimbabwe Will Attempt to Establish Gold-Backed Currency

Columbus Mavhunga
HARARE, ZIMBABWE Zimbabwe’s government said Monday it is introducing a gold-backed currency to replace the country’s nearly worthless dollar, which most businesses have shunned, preferring the U.S. dollar or South African rand.
Minister for Finance and Economic. ....

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