Zimbabwe launches new gold-backed currency, but age-old challenges remain
It was the U.S. dollar and South African rand, and then Zimbabwe switched to a USD-backed bond note,…
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Reserve Bank of Zimbabwe
19 posts
Reserve Bank of Zimbabwe introduces gold-backed digital token ZiG
The Reserve Bank of Zimbabwe (RBZ) introduces Zimbabwe Gold (ZiG), a gold-backed digital token, as legal tender for…
Zimbabwe turns gold-backed digital token into payment method
The Reserve Bank of Zimbabwe first introduced its new project, in which every issued digital token would be…
Zimbabwe mulls retail gold-backed digital tokens following initial successes
As other African countries explore CBDCs, Zimbabwe plans to follow the trend of using retail gold-backed digital tokens…
Zimbabwe central bank close to introducing gold-backed digital tokens into retail
Physical and digital gold tokens have been a big success as investments and an inflation hedge in Zimbabwe,…
Zimbabwe Central Bank Says Gold-Backed Tokens Set to Be Used for ‘Transactional Purposes’
The Zimbabwean central bank recently said it is close to rolling out gold-backed digital tokens “for transactional purposes.”…
Report: Zimbabwe Central Bank Begins Gold-Backed Digital Currency ‘Dry Run’
According to a report, the Reserve Bank of Zimbabwe has commenced trials, or the “dry run” test, for…
Report: Zimbabwe’s Central Bank Set to Launch P2P Platform for Facilitating Gold-Backed Digital Currency Transactions
The Reserve Bank of Zimbabwe has said it is getting close to launching a peer-to-peer platform which will…
Zimbabwe defies IMF, sells $40 million worth of gold-backed digital tokens
Zimbabwe’s tokens are backed by 140 kilograms of gold, the central bank says, revealing it’s preparing for a…
Reserve Bank of Zimbabwe Defies IMF’s Warning, Sells $39M Worth of Gold-backed Digital Tokens
Coinspeaker Reserve Bank of Zimbabwe Defies IMF’s Warning, Sells $39M Worth of Gold-backed Digital Tokens The Reserve Bank…