Zimbabwe to work on convertibility of new currency: minister

HARARE, May 2 (Xinhua) -- Zimbabwean Finance Minister Mthuli Ncube said on Thursday that the country will work on ensuring that the new gold-backed currency, the Zimbabwe Gold (ZiG), becomes convertible.

He said the government and monetary authorities were working on closing possible loopholes that can be used by speculators to destabilize the currency, noting that medium-to-long-term stability of the new curren