Stock Watch

Zimbabwe dismisses IMF's gold-backed digital currency warning


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Despite the International Monetory Fund warning Zimbabwe against adopting a gold-backed digital currency,
the Southern African nation has already tapped into gold reserves to back the launch of the first sale. This in a bid to curb demand for U.S dollars and boost its depreciating local unit. Business Day TV spoke to Fungisai Sithole, Program Manager at the Friedrich Nauman Foundation for more insight.
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