Zimbabwe's central bank wants to collect five tonnes of gold before this year ends. The Reserve Bank already holds 3,400 kilograms of the precious metal after President Mnangagwa visited their storage rooms on Thursday. Last year the bank only had 1,500 kilograms stored away. Mining companies pay half their fees using actual gold instead of money. This gold helps make the new ZiG currency stronger and more trusted.
The country suffered from terrible inflation problems before ZiG came along. People lost faith when money lost value quickly and prices kept rising. The International Monetary Fund team visited Zimbabwe recently and praised the progress made. They liked how inflation dropped and the currency became more stable. The ZiG money...