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| Name | Zimbabwe economy: New gold backed currency replaces local dollar |
| Video Uploader | Video From Al Jazeera English |
| Upload Date | This Video Uploaded At 05-04-2024 22:59:51 |
| Video Discription | Zimbabwe is replacing its collapsing local currency with a new one backed by gold and foreign currencies that it hopes will be more stable and help bring down inflation, the central bank said on Friday. The Southern African country relaunched its own currency in 2019 after a decade of dollarisation, but it struggled to win public trust and more than 80% of domestic transactions are now conducted in foreign currency. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: https://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.io/AJEMobile #ZimbabweEconomy #GoldBackedCurrency #ZimbabweCurrency #EconomicPolicy #MonetaryReform #GoldStandard #FinancialNews #ZimDollar |
| Category | News & Politics |
| Tags | Al Jazeera | Al Jazeera English | Al Jazeera Latest | Al Jazeera Live | Al Jazeera Live News | Al Jazeera Video | Zimbabwe | money | new currency |
