The Reserve Bank of Zimbabwe has introduced a new structured currency backed by foreign exchange and gold to stabilize the country's struggling economy.

This initiative aims to replace the unstable local currency with a more reliable alternative for transactions and savings.

The banknotes are fully convertible into the reserve currency on demand, enhancing trust in the financial system.

Additionally, the central bank has reduced the annual interest rate from 130% to 20% to further support economic recovery.

By leveraging tangible assets like foreign exchange reserves and gold, Zimbabwe seeks to restore confidence in its financial instruments and stimulate economic growth.