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Zimbabwe Central Bank is Close to Introducing Gold-Backed Digital Tokens


Zimbabwe central bank close to introducing gold-backed digital tokens into retail 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 (RBZ) expects to launch its gold-backed digital token (GBDT) for retail use soon, the RBZ has stated. This follows the token’s success with investors, which the bank described as “commendable” in a recent report. The RBZ announced the introduction of the GBDT in April and had conducted 11 issuances representing 325 kilograms (716.5 pounds) of gold by July 21, according to a…

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