Zimbabwe’s latest gold-backed currency is bound to fail, say critics

Issue 505 - 12 May 2024 - By Tonderayi Mukeredzi | 4 minute read

The unveiling of a new gold-backed currency has been met with a sceptical reception, reflecting a lack of public confidence and issues around non-convertibility the authorities will have to overcome if the ZiG is to avoid the fate of the Zimbabwe’s other monetary failures over the past two decades, writes Tonderayi Mukeredzi in Harare.

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