Wednesday, 25 September 2024

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

by BD Banks

Zimbabwe’s central bank governor, John Mushayavanhu, has stated that the bank might use its foreign currency reserves to protect the Zimbabwe Gold (zig) from severe market disruptions. He also pledged to maintain a tight monetary policy to ensure stable inflation and exchange rates. The zig, a gold-backed currency, has experienced a decline in value against […]
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