Bitcoin.com 30 Sep 2024

Ghana Launches Gold Coin Priced in Local Currency 🇬🇭

U.S. Dollar Ghana cedi

Ghana’s central bank has introduced a gold coin to help boost domestic savings and manage liquidity. The launch comes as part of efforts to fortify the country’s economy.

The gold coins will be available starting in October and will be priced according to the London Bullion Market Association auction price, ensuring their value is aligned with global standards.

This initiative aims to strengthen Ghana’s local currency, the cedi, which has been facing continued depreciation against the U.S. dollar.

Source: news.bitcoin.com ↗

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