Why is Zimbabwe launching a new currency?

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Zimbabwe’s central bank introduced a policy last year to sell gold coins in a bid to stabilise the country’s economy and combat inflation. They were meant to be an alternative to dollars as a way of safeguarding people‘s wealth – even when the local currency was losing its value. ...  Show more

How many bills do you need to buy a loaf of bread? The dollar isn’t taking Zimbabweans as far as it used to: life is getting more and more expensive. The central bank has introduced a new bill worth 50 Zimbabwean dollars, the highest banknote going around. But this alone has brou ...  Show more

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Le Zimbabwe introduit, ce lundi 8 mai, une monnaie numérique adossée au cours de l’or. Avec cette nouvelle cryptomonnaie, la Banque centrale espère freiner l’hyper-inflation qui ravage le pays. Dans ce pays d’Afrique australe où la monnaie locale s’est effondrée, on pourra désorm ...  Show more