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6 months ago
Zimbabwe Devalues Gold-Backed Currency by 44% Bitcoin.com 28 Sep 2024

Zimbabwe Devalues Gold-Backed Currency by 44%

The Reserve Bank of Zimbabwe has devalued its gold-backed currency by 44%, dropping it from 13.98 to 24.3 against the U.S. dollar to address economic instability.

Zimbabwe’s Central Bank to Shield Gold-Backed Currency From Market Volatility Bitcoin.com 24 Sep 2024

Zimbabwe’s Central Bank to Shield Gold-Backed Currency From Market Volatility

Zimbabwe's central bank aims to protect its gold-backed currency, Zimbabwe Gold (zig), from market volatility using foreign currency reserves while maintaining tight monetary policies for stable inflation and exchange rates.