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Zimbabwe launch digital currency tied to the market value of the gold

Zimbabwe launch digital currency tied to the market value of the gold
Zimbabwe has launched a gold-backed digital currency will be used as legal tender alongside the Zimbabwean dollarcan buy and sell it using Zimbabwean dollars and other foreign currenciesstate-owned media reports say Zimbabwe has 350kgs (12,346 ounces) of gold in reserves (around USD23m), and intends to build reserves to around US$100mMore info here---The IMF have weighed in, as they do. Have cautioned Zimbabwe against adopting a gold-backed digital currency, saying the priority should be the li... Read More
Posted: May 9 2023, 21:57
Author Name: forexlive
Views: 102642

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