IMF cautions Zimbabwe against plan for gold-backed digital money

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IMF cautions Zimbabwe against plan for gold-backed digital money
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The country's central bank started selling digital tokens to investors on Monday for a minimum price of $10 for individuals and $5,000 for corporates.

The International Monetary Fund cautioned Zimbabwe against adopting a gold-backed digital currency to deal with macroeconomic challenges such as volatility in the local unit, saying it should rather liberalise its foreign-exchange market. ..From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.

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