Zimbabwe debuts gold coins as legal tender to stem inflation
Hyperinflation in 2008 reached 5 billion percent.
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Hyperinflation in 2008 reached 5 billion percent.
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The unprecedented move was announced Monday by the country's central bank, the Reserve Bank of Zimbabwe, to boost confidence in the local currency.
Zimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that has further eroded the country’s unstable currency
Fidelity Printers, a subsidiary of the central bank, is the country's only authorised gold buyer. Get more World News and Business News on Zee Business.