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

Comments are closed.