Zimbabwe Launches New Gold-Backed Currency | Vantage with Palki Sharma

Zimbabwe Launches New Gold-Backed Currency | Vantage with Palki Sharma

Zimbabwe has launched a new gold-backed currency called ZiG (Zimbabwe Gold). The move aims to stabilise the economy and tackle the sky-high inflation gripping the country. The new ZiG will replace the Zimbabwean dollar that had lost almost 100 percent of the its value. Zimbabwe's Reserve Bank Governor John Mushayavanhu said Zimbabweans have 21 days to convert their old cash into new money. The new banknotes feature a drawing of gold ingots being minted, as well as Zimbabwe's famous Balancing Rocks, which also appeared on the old ones. The new ZiG banknotes come in denominations between 1 and 200.

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Zimbabwe | New Currency | Gold-Backed Money | Zimbabwe Dollar | Economy | Firstpost | World News | Vantage | Palki Sharma

#zimbabwe #newcurrency #goldbackedmoney #zimbabwedollar #economy #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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