Zimbabwe central banker stockpiles gold to bolster ZiG currency
The ZiG - short for Zimbabwe gold — is the nation’s sixth attempt at having a functioning local currency in the last 15 years.
The landmark Kimberley Process scheme established in 2003 to prevent trade in conflict diamonds is potentially failing in its objectives, campaigners said yesterday. Ahead of a key meeting of the Kimberley Process Certification Scheme (KPCS) in Namibia, a coalition of civil society groups said that despite having all the tools in place, the scheme was failing to address effectively issues of non-compliance, smuggling, money laundering and human rights abuses in the world’s alluvial diamond fields. The groups highlighted a number of countries where there were issues of concern. (more…)
