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

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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