Zimbabwe to Cap Gold-Buying Support at $300 Million This Year - Bloomberg.com
Zimbabwe to Cap Gold-Buying Support at $300 Million This Year - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
Zimbabwe capped gold buying at $300 million for the year. That's roughly what the Reserve Bank of Zimbabwe printed in the first quarter of 2023 alone. When a central bank starts rationing the one asset it cannot inflate, it is no longer conducting monetary policy — it is admitting defeat.