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 Gold CBDC
6 storiesCBDC
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