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

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  • Zimbabwe’s Gold-Backed Digital Currency Hopes to Stem Devaluation
  • May 16, 2023
  • 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
  • Category Africa
  • Content Type Package
  • Language English
  • NewsML Media Topics Arts, Culture, Entertainment and Media
  • Topic Tags ​​Zimbabwe, gold-backed digital currency
  • Network VOA
  • Expiration Date June 15, 2023 16:38 EDT
  • Embargo Date May 16, 2023 17:00 EDT
  • Byline Columbus Mavhunga
  • Brand / Language Service Voice of America - English
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