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Inflation-hit Zimbabwe launches new gold-backed currency

Zimbabwe has finally launched a gold-backed currency to bring down inflation, ending a decade of dollarization. The new currency or Zig- standing for Zimbabwe Gold- is the latest attempt to end hyper-inflation in the country which lasted for 25 years. Zig is intended to be a market-determined exchange rate, said Zimbabwe’s central bank governor while […]

Morocco: Over 190 would-be migrants rescued off Dakhla

A Royal Navy patrol boat intercepted, approximately 157 km northwest of the city of Dakhla, a pirogue in difficulty with on board 196 Sub-Saharan would-be migrants, who intended to reach the Canary Islands. One of the passengers was dead.   The rescued people received first aid on board, before being taken safely back to the […]

Spain Supports Conclusion of New Fisheries Protocol between Morocco, EU (Minister)

Spain’s Minister of Agriculture, Fisheries and Food, Luis Planas Puchades, stressed on Friday in Cordoba that his country ”supports the European Union and Morocco in concluding a new fisheries protocol for the next four years”. “Spain’s position is very clear”, said Planas in a statement to the Spanish media, describing as “positive and fruitful” the […]