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John Mangudya

zimbabwe’s-de-dollarization:-central-bank-to-issue-gold-backed-digital-currency-in-early-may

Zimbabwe’s De-Dollarization: Central Bank to Issue Gold-Backed Digital Currency in Early May

Leave a Comment / Africa, Bitcoin, Crypto Hacked, Cryptocurrency, e-Wallet, Ethereum, gold coins, gold-backed digital currency, John Mangudya, p2p, Reserve Bank of Zimbabwe, store of value / / / , , , , , , ,

The Reserve Bank of Zimbabwe (RBZ) has said it will start issuing gold-backed digital tokens on May 8. The first phase of the launch will see the digital tokens being issued for “investment purposes with a vesting period of 180 days.” The RBZ also revealed that the gold-backed digital tokens “would be used both as […]

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report:-zimbabwe’s-central-bank-says-upcoming-gold-backed-digital-currency-to-help-reduce-demand-for-us-dollar

Report: Zimbabwe’s Central Bank Says Upcoming Gold-Backed Digital Currency to Help Reduce Demand for US Dollar

Leave a Comment / Africa, Bitcoin, Crypto Hacked, Cryptocurrency, depreciation, Ethereum, Gold-backed currency, John Mangudya, Reserve Bank of Zimbabwe, US dollar demand / / / , , , , ,

The governor of the Zimbabwean central bank, John Mangudya, recently revealed that his institution is planning to introduce a gold-backed digital currency. According to the governor, the soon-to-be-introduced gold-backed digital currency is expected to help diminish local residents’ demand for the U.S. dollar. Taming High Demand for the US Dollar The Zimbabwean central bank has

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