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


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

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