The Reserve Bank of Zimbabwe (RBZ) has officially launched its gold-backed digital token dubbed Zimbabwe Gold (ZiG) as a payment option for retail use nationwide.
In a statement, the central bank confirmed that ZiG will operate as legal tender, mandating banks and enterprises…
According to a report, the Reserve Bank of Zimbabwe has commenced trials, or the “dry run” test, for the viability of launching a gold-backed digital currency. Nelson Mupunga, the director of economic research at the central bank, reportedly said the digital currency…