Zimbabwe Will Attempt to Establish Gold-Backed Currency
Voice of America
A Zimbabwean holds local currency in Harare on Feb. 13, 2024. Known as the dollar, bondnotes or ZWL, the currency has become nearly worthless since its introduction in 2014. (Columbus Mavhunga/VOA) FILE - Finance minister Mthuli Ncube, shown here in June 2023, says Zimbabwe will move toward a gold-backed currency to ensure sustained growth. (Columbus Mavhunga/VOA)
Zimbabwe’s government said Monday it is introducing a gold-backed currency to replace the country’s nearly worthless dollar, which most businesses have shunned, preferring the U.S. dollar or South African rand.
Supporters of the ruling Bharatiya Janta Party (BJP) hold cutouts of India's Prime Minister and their leader, Narendra Modi, as they shout slogans during an election campaign rally in Amritsar on May 30, 2024. A man watching television waits for the release of exit polls published after voting concludes during its seventh and final phase amid India's general election, at an appliance store in Ajmer on June 1, 2024.
FILE - In this photo provided by Jeonbuk Fire Headquarters, balloons with trash presumably sent by North Korea hang on electric wires as South Korean army soldiers stand guard in Muju, South Korea, May 29, 2024. This photo provided by Incheon Fire Headquarters shows balloons with trash presumably sent by North Korea, in Incheon, South Korea, June 2, 2024.
FILE - A target is hit with artillery fire as U.S and Moroccan military forces take part in the 20th edition of the African Lion military exercise, in Tantan, south of Agadir, Morocco, May 31, 2024 FILE - Members of the Moroccan Royal Armed Forces stand guard as they take part in the 20th edition of the African Lion military exercise, in Tantan, south of Agadir, Morocco, May 31, 2024. FILE - Gen. Michael Langley, USMC, Commander, U.S. Africa Command, center, and Major Gen. Mohammed Berrid, Inspector General of Moroccan Royal Armed Forces, attend the African Lion military exercise, in Tantan, Morocco, May 31, 2024. FILE - Members of the Moroccan Royal Armed Forces take part in the 20th edition of the African Lion military exercise, in Tantan, south of Agadir, Morocco, May 31, 2024. FILE - F16 fighter jets perform a maneuver as part of the African Lion military exercise, over Tantan, south of Agadir, Morocco, May 31, 2024.
People march during a rally in support of Hungary's Prime Minister Viktor Orbán and his party in Budapest, Hungary, June 1, 2024. Orbán with 14 years in power is the European Union's longest serving leader. Hungary's Prime Minister Viktor Orbán addresses people as they gather to support him and his party during a 'peace march' in Budapest, Hungary, June 1, 2024. People march during a rally in support of Hungary's Prime Minister Viktor Orbán and his party in Budapest, Hungary, June 1, 2024.
FILE - In this Nov. 9, 2015, photo, Myanmar's pro-democracy icon Aung San Suu Kyi, right, delivers a speech as close ally Tin Oo waves in Yangon, Myanmar. Tin Oo died June 1, 2024, at the age of 97. FILE - Tin Oo, co-founder of the National League for Democracy party, points out other party members at a ceremony to mark the 25th anniversary of the founding of the NLD, in Yangon, Myanmar, on Sept. 27, 2013.
Polling officials check and seal an electronic voting machine before they allow voters to cast their votes at a polling station during the last round of a six-week-long national election near Dharamshala, India, June 1, 2024. Nuns of the Missionaries of Charity, the order founded by Mother Teresa, stand in queue to cast their votes during the last round of a six-week-long national election, in Kolkata, India, June 1, 2024.