ZWD will serve as the domestic high-growth asset, while RLUSD serves as the external anchor. The population will hold ZWD to bet on the nation's economic recovery. If restoration successfully stabilizes the country, the ZWD appreciates. This incentivizes the population to hold ZWD, as holding ZWD becomes an investment in national growth.
Tanzania's government says they are working swiftly to bring back stability as the country enters its third day of demonstrations. This follows Wednesday's election, which has been criticised as two of President Samia Suluhu Hassan's biggest competitors were barred from participating. Leading members of the European Parliament have since condemned the elections, describing them as unleashing an atmosphere of repression, intimidation, and fear. Michael Baleke has more.
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