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Zambia Forum/Politics

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Mnangagwa Inspects RBZ Gold Vaults, Says ZiG Backed By Over 4 Tonnes Of Gold

zambianobserver.com/mnanga...

submitted 1 day ago by FlawlessGift

submitted 1 day ago by FlawlessGift

  • President Emmerson Mnangagwa inspected the Reserve Bank of Zimbabwe's gold vaults and confirmed that the country's ZiG currency is backed by over four tonnes of gold and foreign currency reserves.
  • The government aims to increase gold reserves to five tonnes by the end of the year to strengthen the currency and stabilize the economy.
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