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    Zimbabwe Devalues Gold-Backed Currency by 44%

    Zimbabwe Devalues Gold-Backed Currency by 44%

    The Reserve Bank of Zimbabwe (RBZ) has devalued the Zimbabwe Gold (Zig) by 44%, causing the currency to plummet from 13.98 to 24.3 against the U.S. dollar. This drastic move addresses rising exchange rate volatility and inflationary pressures that have plagued the...
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