Reserve Bank of Zimbabwe News

The Reserve Bank of Zimbabwe first introduced its new project in April, with each issued digital token backed by a physical amount of gold held in the bank’s reserves.

Physical and digital gold tokens have been a big success as investments and an inflation hedge in Zimbabwe, which continues to face triple-digit inflation.

The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a success.

Zimbabwe’s central bank plans to sell gold-backed digital tokens at $10 for individuals and $5,000 for corporations.

The Reserve Bank of Zimbabwe plans to introduce a gold-backed digital currency as legal tender in a bid to stabilize its local currency.

Reserve Bank of Zimbabwe (RBZ) warns the country’s citizens against various risks involved in using Bitcoin.