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Africa

Zimbabwe Rollout Gold Coins in Hopes of Reducing Demand for US Dollars

3 years

Zimbabwe’s central bank has introduced gold coins that it hopes will ease citizens’ demands for foreign currency. But economists and ordinary Zimbabweans are sceptical. At the official launch of the gold coins in Harare on Monday, John Mangudya, head of the Reserve Bank of Zimbabwe, said the coins are designed to reduce demand for U.S. […]

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