DNA: Why Zimbabwe had to introduce gold coins?
In Zimbabwe, now instead of paper currency, transactions will be done in gold coins. The government of Zimbabwe has taken this decision because inflation there has reached a record high of 192%. And the currency is continuously depreciating against the dollar.
Jul 28, 2022, 00:02 AM ISTZimbabwe to issue derided 'bond notes' on Monday
Zimbabwe will issue "bond notes" equivalent to the US dollar from next week to ease critical cash shortages, the central bank announced on Saturday, despite widespread public fear of a return to hyperinflation.
Nov 26, 2016, 23:14 PM IST