Zimbabwe introduces gold coin to help bolster collapsing currency

Reserve Bank of Zimbabwe Governor John Mangudya holds a sample of a gold coin at the launch in Harare on July, 25.Tsvangirayi Mukwazhi/The Associated Press Faced with a collapsing currency and the world’s worst inflation rate, the Zimbabwe government has introduced an unconventional new weapon: a 22-carat gold coin with a value of more than … Read more

Why would anyone counterfeit the lowly toonie? The answer may lie in China

A genuine Toonie, left, and counterfeit ‘camel toe’ Toonie.JP MOCZULSKI/The Globe and Mail The RCMP’s recent discovery of thousands of counterfeit toonies has raised concerns about the integrity of Canada’s banking system, through which they circulated with apparent ease. It also raises a question: Why would anyone counterfeit the lowly toonie? The seized fakes seem … Read more