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International News: Zimbabwe plans to link exchange rate of local currency to gold

  

April 4, 2024     Share on   facebook   Twitter

In a significant move, Zimbabwe is considering linking the exchange rate of its local currency to the value of gold, aiming to stabilize its volatile financial landscape. This decision comes amidst ongoing economic challenges and efforts to address currency instability in the country. Tinashe Mugwisi, an auto parts trader, welcomes the move, hoping it will bring greater stability and confidence to the local economy.