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Home » Gold coins mop up $60 billion

Gold coins mop up $60 billion

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GOVERNOR of the Reserve Bank of Zimbabwe, John Magudya, says demand for foreign currency under a multi-currency system remains insatiable, but he revealed that the country has so far mopped up $60 billion through its gold backed store of value alternatives. Zimbabwe has oscillated between different currency regimes over the past decade as inflation challenges…

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