RBZ to introduce digital gold tokens

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THE Reserve Bank of Zimbabwe (RBZ) says it will introduce gold-backed digital products to supplement the current physical bullion coins and allow for wider trade in the asset.
The central bank introduced the Mosi-oa-Tunya gold coins in July last year in a bid to lower inflation and stabilise the local currency, which was rapidly losing value against the United States dollar.
A cumulative total of 31 866 gold coins had been sold in different denominations by March 10, 2023, mopping up more than $25,8 billion, according to the apex bank.