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BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says Professor

Post author:MiamiCrypto
Post published:October 17, 2024
Post category:brics debt developing nations economic strategy Emerging Markets Featured IMF infrastructure International Monetary Fund Kudzai Dominic Chiwenga mineral wealth NDB New Development Bank Russia World Bank ZIG Zimbabwe Zimbabwe gold

A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized…

Zimbabwe’s Gold-Backed Currency Sees Gains, but US Dollar Remains Dominant

Post author:MiamiCrypto
Post published:August 21, 2024
Post category:foreign currency gold currency ZIG Gold-backed currency News Bytes Newsbyte-3 US dollars ZIG

Zimbabwe’s gold-backed currency, the ZIG, has seen a significant increase in usage since its introduction in April. While the U.S. dollar remains the dominant currency for most citizens, the ZIG…