Tag: Zimbabwe
The Reserve Bank of Zimbabwe introduced a gold-backed digital currency that will be fully backed by physical gold held by the Bank. This move might pave the way for gold-backed money.
Will gold rescue...
The Reserve Bank of Zimbabwe has announced that Zimbabwe will launch a gold-backed digital currency, dumping the US dollar.
Zimbabwe has become the latest country to dump dollar and has decided to issue gold-backed...
According to a report, the Reserve Bank of Zimbabwe is planning to issue a gold-backed digital currency.
The Central Bank of Zimbabwe stated on Monday that it would soon begin issuing gold coins in an effort to reduce inflation, which hit 191 percent in June. The Harare government thinks that this will decrease demand for US dollars and at the very least slow down the further depreciation of the local currency.
