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Posts tagged as “Inflation”

Zimbabwe Launches Gold-Backed Digital Tokens to Tackle Inflation

Zimbabwe's central bank has launched a new gold-backed digital token, which it says will expand the value-preservation instruments available in the economy, boost investment instruments, and make it easy for the public to access the money market. The Reserve Bank of Zimbabwe (RBZ) says the digital tokens will be redeemable in the same way as existing gold coins and available for sale through banks in local and foreign currency.

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