June 15, 2024

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IMF Calls Zimbabwe’s Gold-Backed Currency an ‘Important Policy Action’

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IMF Calls Zimbabwe’s Gold-Backed Currency an ‘Important Policy Action’
IMF Calls Zimbabwe’s Gold-Backed Currency an ‘Important Policy Action’The International Monetary Fund (IMF) has stated that Zimbabwe’s recently introduced gold-backed fiat currency represents a significant policy step. This is the IMF’s first substantial comment on the currency since its inception. The global lender has reportedly announced plans to send a team in June to evaluate the performance of the new currency. Contrasting IMF […]