Reserve Bank of Zimbabwe News

The Zimbabwean government hopes to create a regulatory structure tailored to country’s specific needs and conditions.

The new currency, an outgrowth of the government’s gold-backed token, is performing well economically but receiving mixed public reviews.

The country has struggled with an unstable currency for years, but now it will have one backed by reserves three times larger than its issuance.

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.