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Physical version of gold-backed token replaces Zimbabwe dollar

The central bank began distributing the physical currency on April 29, and all of the country’s lenders had a supply of it by the end of that day, according to Bloomberg. The launch of the ZiG was announced on April 5, set to an exchange rate of 13.56 ZiG to the U.S. dollar.

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Source: Cryptocurrency - investing.com

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