Zimbabwe’s Gold-Backed Digital Currency Hopes to Stem Devaluation

Facebook
Twitter

Zimbabwe's central bank on May 8 launched a gold-backed digital currency it hopes will reduce the demand for US dollars and the devaluation of the Zimbabwe dollar. But analysts say the government-controlled foreign-exchange market is fueling the problem. Columbus Mavhunga reports from Harare, Zimbabwe. Camera: Blessing Chigwenhembe

Source: Voice of America

Recent Posts

Recent Posts