For more than 20 years, Zimbabwe has been facing sanctions from the United States and the European Union. These sanctions were imposed because of concerns about human rights and democracy in the country. The Southern African Development Community (SADC) and the United Nations have reported that these sanctions have made
Zimbabwe and Namibia are facing a severe drought that is causing hunger for many people. In response, both countries have made a controversial decision to kill hundreds of elephants and distribute the meat to feed their starving citizens. In Zimbabwe, Tinashe Farawo, a spokesperson for the Zimbabwe Parks and Wildlife
At the beginning of April, Zimbabwe introduced a new currency called Zimbabwe Gold, or ZiG for short. What makes this currency special is that it’s fully backed by real, valuable assets like gold and other foreign currencies, giving it more credibility than past currencies the country has tried. However, the
The Reserve Bank of Zimbabwe introduced a gold-backed digital currency that will be fully backed by physical gold held by the Bank. This move might pave the way for gold-backed money. Will gold rescue Zimbabwe from the ashes of economic despair and usher in a new economic era? Since Zimbabwe
The Reserve Bank of Zimbabwe has announced that Zimbabwe will launch a gold-backed digital currency, dumping the US dollar. Zimbabwe has become the latest country to dump dollar and has decided to issue gold-backed digital currency for “investment purposes with a vesting period of 180 days.” The country’s central bank
According to a report, the Reserve Bank of Zimbabwe is planning to issue a gold-backed digital currency.
The Central Bank of Zimbabwe stated on Monday that it would soon begin issuing gold coins in an effort to reduce inflation, which hit 191 percent in June. The Harare government thinks that this will decrease demand for US dollars and at the very least slow down the further depreciation
