Zimbabwe: Zimbabwe’s Currency Deeply Undervalued – Says Central Bank Governor

[New Zimbabwe] Zimbabwe's central bank governor claims the local currency is undervalued and could be worth twice its current market price based on reserves and gold backing. The currency, ZiG, is the country's sixth attempt in 15 years to stabilize its currency and is backed by 2.5 tons of gold and $100 million in foreign reserves. Despite efforts at stabilization and reduced inflation, over 90% of transactions in Zimbabwe are still conducted in US dollars. Inflation has dropped to single digits for the first time in

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