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Zimbabwe Plans to ‘Float’ Rapidly Depreciating Gold-Backed Currency

Zimbabwe has said it plans to let its rapidly depreciating gold-backed currency, Zig, float freely on the foreign exchange market. A central bank official said this would help the currency achieve price discovery without...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Zimbabwe Plans to ‘Float’ Rapidly Depreciating Gold-Backed Currency
Zimbabwe has said it plans to let its rapidly depreciating gold-backed currency, Zig, float freely on the foreign exchange market. A central bank official said this would help the currency achieve price discovery without administrative interference. However, the official did not give a timeline for when the central bank intends to implement this policy. Since […]

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