Zimbabwe moves to address cash shortage of new currency ZiG

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Zimbabwe launched a new currency in Harare on April 5, 2024. PHOTO | VOA

Zimbabwe's central bank has moved to avert a shortage of the country's newly introduced currency, the Zimbabwe Gold (ZiG), amid concerns that the shortage is hampering people's daily transactions.

The country launched the gold-backed ZiG on April 5 in hopes of curbing inflation and promoting currency stability.