July 10, 2025

Zimbabwe’s Central Bank to Shield Gold-Backed Currency From Market Volatility

1 min read

Zimbabwe’s central bank governor, John Mushayavanhu, has stated that the bank might use its foreign currency reserves to protect the Zimbabwe Gold (zig) from severe market disruptions. He also pledged to maintain a tight monetary policy to ensure stable inflation and exchange rates. The zig, a gold-backed currency, has experienced a decline in value against

Bitcoin.com logo

Source: Bitcoin.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You may have missed