Zimbabwe decided to abandon exciting currency units and introduced Gold coins

Zimbabwe, which is considered to be a country at the top of the world in terms of the inflation rate, has decided to start issuing gold coins from the end of this month.

The Central Bank of Zimbabwe states that the move has been made due to the high inflation and weakening of the local currency.

The governor of the country’s central bank has said to the media that it is hoped that this will reduce the demand for American dollars.

The Zimbabwean government has re-introduced the local currency on several occasions, but this has not resolved the economic crisis.

 The country’s central bank raised the bank interest rate to 200% last week.