Are new banknotes the golden answer for Zimbabwes currency woes?

Published: April 19, 2024, 1 a.m.

You\u2019ve gone to the grocery store and bought your week\u2019s supplies\u2026 so can you imagine receiving your change in sweets, chocolates and other small items?

That\u2019s the situation in Zimbabwe where a shortage of US dollars \u2013 and a plummeting Zimbabwean dollar \u2013 has now led the government to introduce a new currency pegged to gold.

The Zimbabwean dollar has already lost three quarters of its value this year.

But will this latest move work any better than other attempts by the government to stabilise the economy in the past?