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Zimbabwe to Introduce Gold-Backed Digital Currency: Report

April 24, 2023
  • Africa
  • CBDC
  • Gold
  • news
  • Policy
  • U.S. Dollar
  • Zimbabwe
  • Zimbabwe digital currency
  • Zimbabwe gold-backed digital currency

The tokens will be a form of electronic money backed by the country’s gold reserves, which will be held by the central bank. The RBZ wants people holding Zim dollars to be able to exchange their money for the gold-backed token to help them hedge against the volatility of the local currency.

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