Zimbabwe's Zanu-PF Proposes Gold-Backed Currency to Replace USD

In a significant shift in monetary policy, Zimbabwe's ruling party, Zanu-PF, has put forward a proposal to adopt a gold-backed currency known as the Zimbabwe Gold Zollar (ZIG) as the nation’s sole legal tender. This initiative aims to mitigate hyperinflation, which has plagued the country for years and has led to extreme devaluation of the Zimbabwean dollar.

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