The devil of digital currency in details

THE plan by authorities to introduce a gold-backed digital currency has received mixed responses from economic experts.
With many of the experts still awaiting details of the move before taking a definitive position on it, some believe that this will mitigate the Zimbabwe dollar’s volatility, while others fear that it could create more economic instability for the country.

Advertisements

This comes after the Reserve Bank of Zimbabwe’s (RBZ) monetary policy committee (MPC) recently intimated that it would complement the current issuance of physical gold coins with gold-backed digital pr

Subscribe to The Financial Gazette

This is premium content. Subscribe to read article.

Subscribe Today

Gain access to all articles. Subscribe Today.

Related posts

Business prays for bold RBZ measures

Growth target faces ‘turbulence’

Zim inflation surges in January

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More