Zimbabwe Plans to ‘Float’ Rapidly Depreciating Gold-Backed Currency
Submitted by Anonymous (not verified) on Tue, 11/12/2024 - 00:30
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 […]