Why is Zimbabwe launching a new currency?

Why is Zimbabwe launching a new currency?

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Can being ultra-flexible be a sign of a health condition? Hypermobility Spectrum Disorders (HSD) cause joint hypermobility - which is when your joints have greater than normal range of motion. It means you might be able to bend your body in ways others can’t, but it can come with ...  Show more

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Sydney Sweeney has sparked controversy for a provocative ad campaign that appears to show her naked. It’s for the sports betting company Novig. In the advert, Sweeney is seen covering parts of her body with footballs, basketballs, golf clubs and other sports equipment and is hear ...  Show more

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Why is money worth so little in Zimbabwe?
Africa Daily

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

Can gold coins really rescue Zimbabwe’s economy?
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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

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There are two types of people who buy gold. Speculators who see it as a risk-adverse asset class to buy when other investments look a little shaky. There are also those who hold onto gold because they believe paper money has no intrinsic value and is therefore susceptible to coll ...  Show more

Le Zimbabwe lance une cryptomonnaie gagée sur l'or
Aujourd'hui l'économie

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