Zimbabwe, which is one of the countries with the highest inflation in the world, has now started using golden coins for its currency.
Accordingly, the government of Zimbabwe issued a gold coin worth 1800 US dollars last month. This gold coin is available from approved banks and can be used for transactions like cash equivalents.
With the release of this gold coin last month, a significant number of people have obtained this gold coin through banks, the Zimbabwean government says.
Before the introduction of this gold coin by the Zimbabwean government, the people of the country were tempted to trade in US dollars, which greatly reduced the country’s foreign reserves.
Accordingly, with the success of the use of gold coins, the Zimbabwean government has also decided to issue a coin worth 180 US dollars in the future.
It is expected that this coin will be able to control the high inflation in the country. Zimbabwe has a very corrupt political regime and as a result the country is facing a severe economic crisis.