EXPERTS have warned that arbitrage opportunities stemming from Zimbabwe’s currency discrepancies and a confidence deficit stand in the way of the success of the reserve bank’s planned digital gold tokens.
This comes as the central bank is set to issue gold-backed digital tokens next week to complement the issuance of physical gold coins, which have been in circulation since July 2022.
The apex bank has also said the tokens would, at some point, be capable of facilitating transactions and settlements.
Economic analyst Victor Bhoroma, however, said the tokens would not address the economy’s immediate challenges.
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Reserve Bank of Zimbabwe governor, John Mangudya
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