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CATEGORY: reserve bank of zimbabwe

Zimbabwe’s De-Dollarization: Central Bank to Issue Gold-Backed Digital Currency in Early May
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 30, 2023 02:10

Zimbabwe’s De-Dollarization: Central Bank to Issue Gold-Backed Digital Currency in Early May

The Reserve Bank of Zimbabwe (RBZ) has said it will start issuing gold-backed digital tokens on May 8. The first phase of the launch will see the digital tokens being issued for “investment purposes with a vesting period of 180 days.” The RBZ also revealed that the gold-backed digital tokens “would be used both as [...]

The post Zimbabwe’s De-Dollarization: Central Bank to Issue Gold-Backed Digital Currency in Early May appeared first on Crypto Breaking News.

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Zimbabwe’s central bank to issue gold-backed digital currency: Report
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 23, 2023 10:35

Zimbabwe’s central bank to issue gold-backed digital currency: Report

The Reserve Bank of Zimbabwe is set to introduce a gold-backed digital currency to serve as a legal tender in the country. The move is a government initiative to stabilize the local currency from its depreciation against the United States dollar.  According to a report from local media Sunday Mail, the move will allow small [...]

The post Zimbabwe’s central bank to issue gold-backed digital currency: Report appeared first on Crypto Breaking News.

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Report: Zimbabwe’s Central Bank Set to Launch P2P Platform for Facilitating Gold-Backed Digital Currency Transactions
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 20, 2023 05:50

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 facilitate digital gold token transactions. The central bank said the launch of the platform is expected to help reduce local demand for the greenback. Governor John Mangudya said the tokens have a value which is “linked to [...]

The post Report: Zimbabwe’s Central Bank Set to Launch P2P Platform for Facilitating Gold-Backed Digital Currency Transactions appeared first on Crypto Breaking News.

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IMF Says Zimbabwe Gold-Backed Digital Currency a Potential Threat to Financial Stability
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 11, 2023 02:10

IMF Says Zimbabwe Gold-Backed Digital Currency a Potential Threat to Financial Stability

The International Monetary Fund has urged Zimbabwean authorities to weigh the benefits versus risks of issuing a gold-backed digital currency. Instead of using gold-backed digital currency to limit the demand for the greenback, the global lender said monetary authorities should consider liberalizing the foreign exchange market. Risks to Macroeconomic and Financial Stability The International Monetary [...]

The post IMF Says Zimbabwe Gold-Backed Digital Currency a Potential Threat to Financial Stability appeared first on Crypto Breaking News.

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Report: Zimbabwe Central Bank Begins Gold-Backed Digital Currency ‘Dry Run’
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jul 08, 2023 01:20

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 the viability of launching a gold-backed digital currency. Nelson Mupunga, the director of economic research at the central bank, reportedly said the digital currency will act as an alternative to foreign currency. Local Residents’ Insatiable Demand for

The post Report: Zimbabwe Central Bank Begins Gold-Backed Digital Currency ‘Dry Run’ appeared first on BTC Ethereum Crypto Currency Blog.

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Zimbabwe sets price to sell gold-backed digital tokens
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 05, 2023 02:10

Zimbabwe sets price to sell gold-backed digital tokens

Zimbabwe’s central bank has set a price for its gold-backed digital tokens. The country is planning to sell its gold-backed digital currency to investors starting May 8. The tokens will be sold at a minimum price of $10 for individuals and $5,000 for corporations and other entities. According to a statement released by the Reserve [...]

The post Zimbabwe sets price to sell gold-backed digital tokens appeared first on Crypto Breaking News.

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