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Banknotes of the new national currency Zimbabwe Gold, ZiG for short, are presented at a press conference of the Central Bank of Zimbabwe. Due to high inflation, Zimbabwe's central bank has introduced a new currency that is primarily linked to gold, but also to a number of other precious metals and foreign currencies.
Hard numbers: Zimbabwe’s new bills, Ecuador in hot water, Russian dam failure, Ukraine’s air defense, Island-sized lottery.
70: Zimbabwe is rolling out the ZiG, a new currency pegged to gold and foreign cash. The government hopes to curb the freefall of its erstwhile dollar, whose value has declined by over 70% since January. People have three weeks to exchange the old notes for the new currency.
2: Two countries, Mexico and Nicaragua, have cut ties with Ecuador following a police raid Friday on Mexico’s Quito embassy that resulted in the arrest of Ecuador’s former vice president, Jorge Glas. Glas had been staying in the embassy seeking asylum since December, when a warrant was issued for his arrest. President Lopez Obrador responded angrily, calling the raid a “flagrant violation of international law,” and Nicaraguan President Daniel Ortega followed suit, referring to it as “reprehensible."
11,000: The failure of a dam in Orsk, Russia, has forced the evacuation of 11,000 residents and left over 4,000 buildings teetering on the brink. Several regional provinces in the area, near the Kazakhstan border, have suffered from flooding in recent days.
25: In a television interview that aired on Saturday, Ukrainian President Volodymyr Zelensky asked allies for 25 US Patriot systems, saying they are vital to repelling Russian ballistic and hypersonic missiles that can hit targets within minutes. As Russia’s relentless bombing continues, the Ukrainian president warns that his country is running out of air-defense missiles.
1.3 billion: An Oregon lottery player snagged a Powerball prize north of $1.3 billion after no other player hit the jackpot for three months. For context, that’s roughly the equivalent of Grenada’s GDP, minus the taxman's cut, of course.