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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.

Columbus Mavhunga/dpa via Reuters Connect

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."

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