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Zimbabwe central bank announces gold currency to combat inflation

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The Central Bank of Zimbabwe stated on Monday that it would soon begin issuing gold currency in an effort to reduce inflation, which hit 191 percent in June. The Harare government thinks that this will decrease demand for US dollars and at the very least slow down the further depreciation of the local currency. The coins should be accessible through neighborhood banks and currency exchanges by the... 

Norwegian bank offended Jews with 'anti-Semitic' credit card

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One of the biggest Norwegian banks DNB has issued a credit card with a picture of “a hook-nosed Jew, laughing gleefully against a backdrop of gold coins,” according to The Jerusalem Post. The card annoyed The Hallelu Foundation, which tries to create a positive image of Israel in the world. The foundation has accused the bank of anti-Semitism. The foundation contacted the bank and asked to clarify... 

Feds seize gold coins worth $80 million from Pennsylvania family

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A federal judge has upheld a verdict that strips a Pennsylvania family of their grandfather’s gold coins, worth an estimated $80 million, and has ordered ownership transferred to the US government. Judge Legrome Davis of the Eastern District Court of Pennsylvania affirmed a 2011 jury decision that a box of 1933 Saint-Gaudens double eagle coins discovered by the family of Israel Switt, a deceased... 
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