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Zimbabwe is bringing in a gold-backed digital currency with its own dollar ravaged by inflation
Business Insider via Yahoo Finance· 1 year agoPeople queueing to withdraw money from a bank in Zimbabwe in November 2019.Philimon Bulawayo/Reuters...
Zimbabwe Lets Currency Free-Fall While It Weighs Gold Standard
Bloomberg via Yahoo News· 2 months ago(Bloomberg) -- Zimbabwe, the poster child of hyperinflation, is allowing a free fall in its currency...
Zimbabwe's gold-backed digital token runs into political headwinds
Semafor via Yahoo News· 1 year agoZimbabwe launched gold-backed virtual coins as a central bank digital currency (CBDC) on Monday in...
Zimbabwe's central bank reforms seen as unsustainable as president readies for election
Semafor via Yahoo News· 10 months agoThe News HARARE, Zimbabwe — Zimbabwean President Emerson Mnangagwa is whittling down the powers of...
Zimbabwe debuts gold coins as legal tender to stem inflation
Associated Press via Yahoo News· 2 years agoZimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that...
Zimbabwe Hypes New Gold-Backed Unit in Search for Investment
Bloomberg via Yahoo Finance· 2 weeks ago(Bloomberg) -- Zimbabwe is making a fresh push to lure foreign capital and is using its new...
Zimbabwe plans to launch digital currency backed by gold
Associated Press via Yahoo News· 1 year agoZimbabwe will launch a digital currency next month by introducing “tokens” that are backed by gold...
Zimbabwe's ZiG is the world's newest currency and its latest attempt to resolve a money crisis
Associated Press via Yahoo Finance· 3 weeks agoZimbabwe on Tuesday started circulating a new currency to replace one that has been battered by...
Zimbabwe's president tells supporters they will go to heaven if they vote for his party this month
Associated Press via Yahoo News· 9 months agoZimbabwe's president urged thousands of his supporters at a rally on Wednesday to deliver a...
Zimbabwe's Gold-Backed Digital Token Won't Fix the Country's Currency Woes, Economists Say
CoinDesk via Yahoo Finance· 11 months agoSound macroeconomic policies like raising interest rates and bringing down the country's deficit...