Zimbabwe’s ruling party passed a resolution to adopt the bullion-backed ZiG currency as the country’s sole legal tender and phase out the use of US dollars.
The government is ordered to “expedite efforts to dedollarize the economy and promote the use of the ZiG as the country’s sole currency,” according to the resolution agreed at the ruling Zimbabwe African National Union-Patriotic Front annual conference at the weekend. No timeline was given for the change.
The government is ordered to “expedite efforts to dedollarize the economy and promote the use of the ZiG as the country’s sole currency,” according to the resolution agreed at the ruling Zimbabwe African National Union-Patriotic Front annual conference at the weekend. No timeline was given for the change.
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@lionessofthenorth20 Can it be reedemed for gold by the populace? If not, this one will fail just like the last.
