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BTCC / Hashtag / zimbabwe gold currency
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What is Zimbabwe's new gold backed currency?

Zimbabwe has introduced a new gold-backed currency called ZiG - the name stands for "Zimbabwe Gold". It is the latest attempt to stabilise an economy that has lurched from crisis to crisis for the past 25 years.

Can you buy a gold coin in Zimbabwe?

“Holders of physical gold coins, at their discretion, will be able to exchange or convert, through the banking system… into gold-backed digital tokens,” the Reserve Bank of Zimbabwe said in a statement inviting individual and corporate entities to use the digital currency that can be bought either in Zimbabwean dollars or foreign currency.

What is Zimbabwe's new currency called?

The new currency – called Zim Gold (ZiG) – will be backed by foreign currencies, gold and precious minerals, John Mushayavanhu, the governor of Zimbabwe’s Reserve Bank, told reporters in the capital Harare on Friday. What’s behind the latest US sanctions on Zimbabwe President Mnangagwa?

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