On April 8, 2024, Zimbabwe transitions to the gold-backed ZiG currency, moving away from the depreciating ZWL. This initiative, led by Central Bank Governor John Mushayavanhu, relies on 2.5 tons of gold and diverse foreign currency reserves. The change aligns with extensive economic reforms aimed at stabilizing Zimbabwe’s economy amidst inflation and currency depreciation challenges. […]
Related Posts
Chilean Mayors Request Military Assistance Amid Security Crisis
In Chile, a rising wave of crime prompts mayors from various political backgrounds to seek military help. This call for action occurs as President Gabriel Boric marks his term’s midpoint. Maipú Mayor Tomás Vodanovic’s discussion with Interior Minister Carolina Tohá about local safety issues sparked this debate. They specifically addressed a Venezuelan ex-military dissident’s discovery […]
Panama’s census reveals 4.2 million inhabitants
Panama’s population has been counted at 4,202,572 people, according to the final results of the National Population and Housing Census conducted from January to March this year. The Panamanian General Comptroller’s Office presented these findings during an event held in the capital city, coinciding with World Population Day. The data indicates that 50.4 percent of […]
Milei announces dollarization plan and responsible for closing central bank in Argentina
Argentinian presidential candidate Javier Milei, who secured a primary victory on August 13, 2023, has expressed intentions to shut down the nation’s Central Bank if elected in the general elections on October 22. This statement was made during an interview in Buenos Aires on August 16. Under his prospective leadership, economist Emilio Ocampo, the architect […]