- Unit sheds nearly 1% of value as it tracks gold price movement
- ZiG part of wider plan to abandon US dollar use, official says
Zimbabwe’s gold-backed currency the ZiG weakened for the first time since its debut earlier this month.
The currency traded almost 1% weaker at 13.38 per dollar on Thursday compared with a day earlier, central bank data shows, tracking the decline in the gold price. The metal has fallen in the past three days.
CEO and Founder of CanAm Bullion has been dedicated to delivering exceptional value to Canadians since 2017. Driven by a mission to empower Canadians with expert investment advice and education, he has positioned CanAm Bullion as a trusted resource for those seeking to enhance their portfolios with precious metals. Under Michael’s leadership, the company has become synonymous with reliability, knowledge, and dedication, helping Canadians achieve greater financial stability and long-term success.
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