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Zimbabwe's Gold-Backed CBDC: Defying IMF Warning, Revolutionizing Economy

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First published at 01:34 UTC on May 17th, 2023.

#gold
#zimbabwe
#cbdc

rethinkingthedollar

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The Reserve Bank of Zimbabwe has sold $39 million worth of gold-backed digital tokens despite a warning from the International Monetary Fund (IMF) advising against the plan. Zimbabwe received 135 applications for the tokens and made a total of $39 m…

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