CBDC
Zimbabwe’s central bank introduces gold-backed digital currency for retail use
However, there are concerns about its stability, given the price of gold and fluctuations, regulatory challenges, trust, and cybersecurity.
Oct 9, 2023
Zimbabwe's gold token experiment
11 storiesDormant
Zimbabwe's novel monetary experiment using a gold-backed digital currency to counter persistent hyperinflation — from the RBZ's CBDC roadmap through the gold token launch, IMF pushback, P2P platform rollout and the introduction of a new digital transacting currency.
CBDC
RBZ’s CBDC set to be used for transacting in a month
The bank hopes to use the CBDC to tackle hyperinflation in the country and provide an alternate store of value for Zimbabweans.
Aug 3, 2023
State of fiat
Economist urges Zimbabwean government to consider paying civil workers in gold
Zimbabwe's government has been urged to pay civil servants with gold-backed CBDC and coins amid plunging economy.
Jul 21, 2023
CBDC
RBZ finalizes P2P platform for gold-backed CBDC
The move is aimed at reducing the demand for US dollars and providing an alternative currency and store of value.
Jun 22, 2023
CBDC
IMF and other experts caution against Zimbabwe’s adoption of gold-backed CBDC
Experts say public distrust in the Zimbabwean dollar as a store of value could also be transferred to the newly introduced CBDC.
May 18, 2023
Mariblock Weekly
🟠 Empowa’s $3.75 million raise; Zimbabwe’s gold-backed CBDC
Blockchain projects are looking to disrupt Africa’s real estate.
Apr 30, 2023
CBDC
Zimbabwe plans to launch gold-backed digital currency to counter hyperinflation
This is the latest move by the bank to battle runaway inflation, a depreciating currency, and a dollarized economy, and it is coming amidst controversy in the country’s gold sector.
Apr 26, 2023
State of fiat
Zimbabwe cuts lending rate for the second time in 2023
Zimbabwe becomes the second African country to drop lending rates for the second time this year, after Angola.
Apr 11, 2023
State of fiat
Leading Zimbabwean trade body warns against full dollarization of the economy
76% of government spending is in U.S. dollars and could cause damage to Zimbabwe’s economy long term, the Confederation of Zimbabwe Industries wrote
Apr 3, 2023