Zimbabwe's central bank to launch gold-backed digital token 'for transactional purposes'

08/13 06:30

The Reserve Bank of Zimbabwe (RBZ) has announced that it will soon launch a Gold-Backed Digital Token (GBDT) for trading purposes, which is currently "in the final stages of preparation."The central bank stated that the introduction of GBDT will "serve as a supplement to the US dollar in domestic transactions, as retailers will provide a safer, more convenient, and more valuable medium of exchange."

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