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 […]
Source: https://news.bitcoin.com/zimbabwe-plans-to-float-rapidly-depreciating-gold-backed-currency/