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Zimbabwe just introduced a new gold-backed currency in an attempt to fight inflation and wean off the US dollar
The Zimbabwe dollar — the currency the country most recently ... that are equivalent to 0.4 tons of gold, according to Voice of America. The ZiG started trading on Monday at an exchange rate ...
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Zimbabwe replaces local dollar with new currency called Zimbabwe Gold (ZiG)
"This currency will be issued in the form of notes and coins. All reserves of the Zimbabwean dollar will be transferred to it. The new currency will be backed by reserves of foreign currency and ...