Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya poses for a photograph with a sample of a gold coin during its launch in Harare, Zimbabwe, July 25, 2022 (Photo: Reuters/Philimon Bulawayo)

On Monday, Zimbabwe released a gold-backed digital currency for peer-to-peer and peer-to-business transactions as well as to act as a store of value as the country’s currency continues to lose ground against major currencies.

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