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Zimbabwe will issue new notes and coins soon to replace the country’s quasi-currency that was introduced three years ago in a failed attempt to counter a crippling shortage of cash, and that’s pushed inflation to the highest rate since 2008.

The return to a fully fledged local currency exchangeable outside the country’s borders will be backed by an undisclosed amount of foreign-exchange reserves, gold and loans, finance minister Mthuli Ncube said in an interview on August 15 in the capital, Harare...

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