Banknote Blog

The 2024 Zimbabwe Gold-Backed Currency: A New Era of Stability and TrustHistorical BackgroundZimbabwe's monetary history has been a roller-coaster ride marked by periods of hyperinflation, economic instability, and significant currency devaluation. The most infamous period was in the late 2000s when hyperinflation reached astronomical levels, leading to the abandonment of the Zimbabwean dollar in favor of foreign currencies such as the US dollar and South African rand. This period saw Zimbabwe i …