Africa's development bank is proposing a new 'gold standard' style currency arrangement backed by critical minerals such as ...

A bill filed in the Arizona Senate would establish a transactional currency backed 100 percent by gold and silver, along with ...

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London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge ...

When the U.S. stopped using the gold system entirely in 1973, the dollar transitioned to the fiat currency system we use today. Unlike money backed by gold, fiat currency has no intrinsic value.

Zimbabwe's inflation rate rose sharply in January in both U.S. dollar and local currency terms, spurred by food and housing ...

Five more attempts, including last year’s introduction of the ZiG, have been made to revive Zimbabwe's local currency.

Gold is also globally recognized as a commodity of value, and unlike government-issued currency (like the U.S. dollar), it can’t be devalued by overprinting — the idea behind the now defunct ...