Economy / FinanceAfrica

Kenya’s President Praises Zimbabwe’s Gold-Backed Currency


Kenya’s President Ruto Lauds Zimbabwe’s ZiG as Boost to Economic Prospects Fitting to use mineral wealth to back local unit, Ruto says Central bank set to release banknotes of ZiG from April 30 Kenyan President William Ruto hailed Zimbabwe’s gold-backed currency as a potential driver of economic recovery in the southern African nation. The introduction of the so-called ZiG demonstrated the authorities’ commitment to reviving the country’s economic fortunes, despite a a host of setbacks and pressures, Ruto told delegates gathered at an international trade fair over which he officiated Saturday in Zimbabwe’s second-biggest city of Bulawayo. “This radical revitalisation of Zimbabwe’s…

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