Zimbabwe cracks down on illegal money traders to stabilize new currency ZiG

STORY: Zimbabwe cracks down on illegal money traders to stabilize new currency ZiG SHOOTING TIME: May 15, 2024 DATELINE: May 18, 2024 LENGTH: 0:03:08 LOCATION: Harare CATEGORY: ECONOMY SHOTLIST: 1. various of streets, money traders, new ZiG currency 2. SOUNDBITE 1 (English): ZVIKOMBORERO SIBANDA, Zimbabwean economist 3. various of people with ZiG currency and U.S. dollar 4. SOUNDBITE 2 (English): ZVIKOMBORERO SIBANDA, Zimbabwean economist 5. various of shops 6. SOUNDBITE 3 (Shona): BRIAN PHIRI, Harare resident 7. SOUNDBITE 4 (Shona): NOREEN CHIROMBO, Street vendor STORYLINE: Illegal currency traders have disappeared on the streets of Zimbabwe's capital Harare as authorities crack down on illegal money-trading in a bid to maintain the value of the new Zimbabwe Gold (ZiG) currency. The Reserve Bank of Zimbabwe (RBZ) on April 5 introduced the new gold-backed ZiG, replacing the Zimbabwean dollar, which had been ravaged by inflation. The ZiG is part of a basket of currencies accepted as legal tender in

ZIMBABWE-HARARE-GOLD-BACKED CURRENCY-INTRODUCTION

ZIMBABWE-HARARE-GOLD-BACKED CURRENCY-INTRODUCTION

(240406) -- HARARE, April 6, 2024 (Xinhua) -- New governor of Reserve Bank of Zimbabwe (RBZ) John Mushayavanhu presents the 2024 monetary policy statement in Harare, Zimbabwe, April 5, 2024. Zimbabwe on Friday introduced to the market the much-awaited structured currency that monetary authorities expect to foster currency stability and contain rising inflation. The new structured currency, known as the Zimbabwe Gold (ZiG), will be backed by a basket of foreign exchange reserves and precious metals, mainly gold, being held by the Reserve Bank of Zimbabwe (RBZ), or the country's central bank. (Photo by Shaun Jusa/Xinhua)

ZIMBABWE-HARARE-GOLD-BACKED CURRENCY-INTRODUCTION

ZIMBABWE-HARARE-GOLD-BACKED CURRENCY-INTRODUCTION

(240406) -- HARARE, April 6, 2024 (Xinhua) -- This photo taken on April 5, 2024 shows specimens of new Zimbabwean dollar notes in Harare, Zimbabwe. Zimbabwe on Friday introduced to the market the much-awaited structured currency that monetary authorities expect to foster currency stability and contain rising inflation. The new structured currency, known as the Zimbabwe Gold (ZiG), will be backed by a basket of foreign exchange reserves and precious metals, mainly gold, being held by the Reserve Bank of Zimbabwe (RBZ), or the country's central bank. (Photo by Shaun Jusa/Xinhua)

Zimbabwe central bank introduces gold coins as store of value amid high inflation

STORY: Zimbabwe central bank introduces gold coins as store of value amid high inflation DATELINE: July 27, 2022 LENGTH: 00:02:13 LOCATION: Harare CATEGORY: ECONOMY SHOTLIST: 1. various of Reserve Bank of Zimbabwe (RBZ) governor holding the new gold coin 2. SOUNDBITE 1 (English): JOHN MANGUDYA, Governor of Reserve Bank of Zimbabwe 3. various of journalists taking photos of the gold coin 4. SOUNDBITE 2 (English): JOHN MANGUDYA, Governor of Reserve Bank of Zimbabwe 5. various of more journalists taking photos of the gold coin 6. SOUNDBITE 3 (English): JOHN MANGUDYA, Governor of Reserve Bank of Zimbabwe 7. various of more journalists and people walking outside the RBZ STORYLINE: Reserve Bank of Zimbabwe Governor John Mangudya on Monday unveiled gold coins that are expected to act as a store of value and reduce the demand for U.S. dollars as the country battles to control soaring inflation. SOUNDBITE 1 (English): JOHN MANGUDYA, Governor of Reserve Bank of Zimbabwe "The Bank has today released the first batch