On Friday, Zimbabwe took a significant step in its economic journey. It announced the launch of a new currency, the ‘’Zimbabwe Gold’’, which is backed by a basket of foreign currency and gold. This move comes amid soaring inflation and a long-standing struggle to stabilise the economy.
Central Bank Governor John Mushayavanhu revealed the details of this transformative initiative in a press conference held in the capital city, Harare.
CEO of Sugar Creek Wealth, Gerald Mwandiambira delves into the implications and intricacies of this decision.
Tune into Newzroom Afrika DStv channel 405 for more.
15 авг 2024