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Zimbabwe Is Considering Currency Board to Revive Its Dollar

  • Measure would add to other steps taken to support currency
  • Zimbabwe’s dollar has lost three-quarters of its value in 2022
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Zimbabwe is considering establishing a currency board, the latest in a series of measures to support the embattled Zimbabwean dollar.

“The issue of the currency board is being looked at,” Ashok Chakravarti, a member of the central bank’s monetary policy committee, said Thursday at an economic conference in the resort city of Victoria Falls. “It is being considered.”