The ReserveBankZIM is looking to introduce a gold-backed digital currency to hedge against the volatility of its local currency. camomileshumba reports.
The tokens will be a form of electronic money backed by the country's gold reserves, which will be held by the central bank. 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.
The Zim dollar is known for being volatile. A year ago, 1 U.S. dollar was worth about 150 Zim dollars, now it's closer to 1,000,RBZ announced in August that it planned to create
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Zimbabwe's central bank to issue gold-backed digital currency: ReportThe digital gold token will be introduced by Zimbabwe in an effort to stabilize the local currency depreciation against the US dollar.
Leer más »
Zimbabwe clamps down on 'backyard brewers' as fake booze boomsInside a grimy, poorly lit room in Mbare, a 45-year-old man sits on a makeshift stool as he pours a brownish liquid into small bottles. He is one of Zimbabwe ‘backyard brewers’ who are making fake whiskies, brandy, vodka and other spirits to make ends meet
Leer más »
Olympic gymnast Simone Biles is married: 'Officially Owens'Simone Biles has married fiancé NFL player Jonathan Owens, the 26-year-old Olympic gymnast revealed on social media.
Leer más »
7-time Olympic gold medalist Simone Biles marries Texans' Jonathan Owens in intimate ceremonyWedded bliss! 💍 The happy couple made it down the aisle after announcing their engagement last February.
Leer más »
7-time Olympic gold medalist Simone Biles marries Texans' Jonathan Owens in intimate ceremonyWedded bliss! 💍 The happy couple made it down the aisle after announcing their engagement last February.
Leer más »