Reserves to back Zimbabwe's new currency

Reserves to back Zimbabwe's new currency
Published: 25 January 2018
President Emmerson Mnangagwa said his government is considering building reserves of gold and diamonds to back the eventual relaunch of the country's own currency.

The nation abandoned the Zimbabwe dollar in February 2009 after an economic collapse that saw inflation surge to about 500 billion percent, according to the International Monetary Fund, after exports slumped and international lenders had withdrawn lines of credit.
- Daily News
Tags: Zimdollar,


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