The Bank of Zimbabwe kept its main interest rate at 35% on Thursday.
Money troubles keep growing in Zimbabwe. Food and home costs pushed prices higher in January. This happened with both U.S. dollars and local money.
Zimbabwe started using a new type of money last April. This money was tied to gold. But its worth fell a lot in September. Since then, the Zimbabwe Gold money, called ZiG, has lost more of its value.
The ZiG trades at 26.4 for one U.S. dollar, the central bank's numbers show. When it first came out, people could trade one U.S. dollar for about 13.6 ZiG.
Money troubles keep growing in Zimbabwe. Food and home costs pushed prices higher in January. This happened with both U.S. dollars and local money.
Zimbabwe started using a new type of money last April. This money was tied to gold. But its worth fell a lot in September. Since then, the Zimbabwe Gold money, called ZiG, has lost more of its value.
The ZiG trades at 26.4 for one U.S. dollar, the central bank's numbers show. When it first came out, people could trade one U.S. dollar for about 13.6 ZiG.
