Podchaser Logo
Home
Why is Zimbabwe launching a new currency?

Why is Zimbabwe launching a new currency?

Released Thursday, 2nd May 2024
Good episode? Give it some love!
Why is Zimbabwe launching a new currency?

Why is Zimbabwe launching a new currency?

Why is Zimbabwe launching a new currency?

Why is Zimbabwe launching a new currency?

Thursday, 2nd May 2024
Good episode? Give it some love!
Rate Episode

Zimbabwe has a brand new currency; it’s called the ZiG (Zimbabwe Gold) and it’s backed by the country’s gold reserves. This is the third time they’ve launched a new currency in ten years and 80% of transactions in the country are now carried out in US dollars. Can the government persuade its citizens that this one will remain stable and not deflate?

The BBC’s Zimbabwe correspondent Shingai Nyoka explains how people pay for stuff in the country and why the government has brought in a new currency. Two guys in Harare tell us what they make of the ZiG, and whether they’re using it instead of the US dollar.

Also Baldeep Chahal from the What in the World team brings us some other examples of countries changing their currency and chats about whether it ever works.

Instagram: @bbcwhatintheworldWhatsApp: +44 0330 12 33 22 6Email: [email protected]: Alex RhodesProducers: Julia Ross-Roy and Baldeep ChahalEditor: Verity Wilde

Show More
Rate

Join Podchaser to...

  • Rate podcasts and episodes
  • Follow podcasts and creators
  • Create podcast and episode lists
  • & much more

Episode Tags

Do you host or manage this podcast?
Claim and edit this page to your liking.
,

Unlock more with Podchaser Pro

  • Audience Insights
  • Contact Information
  • Demographics
  • Charts
  • Sponsor History
  • and More!
Pro Features