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Zimbabwe makes final plans for gold backed currency

GOLD has emerged as the most ideal instrument likely to be used to anchor the structured currency the Government is pursuing to stabilise the exchange rate and curtail persistent inflation. The release of the 2024 Monetary Policy Statement (MPS) has since been delayed to allow the Reserve Bank of Zimbabwe (RBZ) to finalise the finer…
John Mangudya Policy Statement Reserve Bank Sunday Mail Business Government Owned Fidelity Gold Refinery Zimbabwe Gold

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