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Tag: Reserve Bank of Zimbabwe

ZiG: Zimbabwe Launches Gold-Backed Currency to Stabilize Economy and Fight Inflation

On April 8, 2024, Zimbabwe officially launched its new gold-backed currency, the ZiG (Zimbabwe Gold). According to a report by Kitco News published on...

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Reserve Bank of Zimbabwe launches gold-backed digital token ZiG

RBZ has launched a gold-backed ZiG digital token to address currency instability and inflation. ZiG offers a...

Zimbabwe Banks on Gold-Backed Digital Token (GBDT)

Altcoin News The bank predicted that the gold tokens will serve as a complementary currency to the USD. To combat locals’...

Zimbabwe Defies IMF Directive to Sell Millions of Gold-Backed Crypto Assets; Terms It a Success

Advertisement &nbsp &nbsp The southern African country is battling hyperinflation and a depreciating local currency. RBZ Gold-backed Digital token would be used for payments...

Cryptocurrency Regulatory and Legislative Analysis #9

Cryptocurrency Regulatory and Legislative Analysis #9May 4, 2023Demetrios TseasRegulatory and Legislative Analysis – GLOBALThe IMF publishes a report on CBDC capacity development On April 11,...

Report: Zimbabwe’s Central Bank Says Upcoming Gold-Backed Digital Currency to Help Reduce Demand for US Dollar

The governor of the Zimbabwean central bank, John Mangudya, recently revealed that his institution is planning to introduce a gold-backed digital currency. According to...

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...

Gold Coins Help Zimbabwe Achieve ‘Price and Exchange Rate Stability’ — Central Bank

The Reserve Bank of Zimbabwe recently revealed that some 25,188 of its value-preserving gold coins were sold between July 2022 and Jan. 13....

Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value

After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to...

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