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Maroc Maroc - MBARETIMES.COM - A la une - 17/Jul 10:16

New currency scarcity in ZiG sparks opposition alarm

In a bold move aimed at stabilizing its tumultuous economy, Zimbabwe recently introduced the Zimbabwe Gold (ZiG) currency on April 5, 2024. This new currency, backed by 2.5 tonnes of gold and supported by $100 million in foreign currency reserves, was intended to restore confidence and combat hyperinflation that had ravaged the Zimbabwean dollar. However, …

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