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Which country issues ORDI coin? Is ORDI coin worth hoarding for a long time?

Somalia has issued ORDI coin, a physical gold-backed digital currency redeemable for a gram of gold upon request.

Oct 07, 2024 at 01:48 pm

Which Country Issues ORDI Coin?

ORDI coin is issued by Somalia.

Is ORDI Coin Worth Hoarding for a Long Time?

ORDI coin is not a type of cryptocurrency.
ORDI coin is a physical gold-backed digital currency issued by the Somali government.
The value of ORDI is pegged to the price of gold, and each coin is redeemable for a physical gram of gold upon request.
Due to its stability and value being tied to gold, ORDI could be a worthwhile asset to hold for the long term as a store of value.
The performance of ORDI coin will ultimately depend on the performance of the underlying gold market. Factors such as inflation, interest rates, and economic growth will influence the value of gold and, by extension, ORDI coin.

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