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3232Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value
https://www.digit.info/zimbabwe-to-hike-benchmark-rate-to-200-central-bank-minted-gold-coins-to-act-as-store-of-value/
Tue, 28 Jun 2022 08:30:07 +0000https://www.digit.info/2022/06/28/zimbabwe-to-hike-benchmark-rate-to-200-central-bank-minted-gold-coins-to-act-as-store-of-value/Read more]]>After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum. In addition, the central bank said it will introduce gold coins which will act as an instrument that will “enable investors to store value.” Discouraging Speculative Borrowing Monetary […]
After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum. In addition, the central bank said it will introduce gold coins which will act as an instrument that will “enable investors to store value.” Discouraging Speculative Borrowing Monetary […]