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Africa

Zimbabwe urges swift adoption of new but ‘scarce’ currency

todayMay 9, 2024 3

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Zimbabwe’s Finance Minister Mthuli Ncube has ordered all government agencies to accept payments in the newly introduced gold-backed currency amid reports of acute shortage. Ncube in a statement said the Zimbabwe Gold, introduced last month, was now the official unit of exchange for transactions in the country. He the BBC that the government would soon introduce regulations to ensure businesses stick to the official rate.

Written by: Tonata Kadhila

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