Zimbabwe’s gold-backed digital currency comes one year after the country issued gold coins to help steady its fast-depreciating currency, , zimbabwe, digital currency
FORMER Finance Minister Tendai Biti has taken a dig at current Treasury boss Mthuli Ncube over the free-falling local currency. There is rampant rejection of the local currency in the market,” Biti wrote on Twitter. “Local manufacturers are openly rejecting the RTGS [real time gross settlement], proving once more that an economy will never be …
Harare, Zimbabwe – On Monday, Zimbabwe released a gold-backed digital currency for peer-to-peer and peer-to-business transactions as well as to act as a store of value as the country’s currency continues to lose ground against major currencies. “Holders of physical gold coins, at their discretion, will be able to exchange or convert, through the banking system……