Zimbabwe’s Central Bank To Issue Gold-backed Digital Currency: Report

According to a report, the Reserve Bank of Zimbabwe is planning to issue a gold-backed digital currency.

The Reserve Bank of Zimbabwe is set to introduce a gold-backed digital currency to serve as legal tender in the country. The move is a government initiative to stabilize the local currency from continued depreciation against the U.S. dollar.

According to a report from local media outlet The Sunday Mail, the move will allow small amounts of Zimbabwean dollars to be exchanged for the dig...

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