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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.
Content TypePackage
LanguageEnglish
Transcript/Script EnglishSee Add Media
Transcript/ScriptSee Add Media
NewsML Media TopicsEconomy, Business and Finance
Topic TagsGold
Digital
NetworkVOA
Embargo DateMay 23, 2023 15:26 EDT
Description EnglishZimbabwe'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.
Brand / Language ServiceVoice of America - English