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Reserve Bank of Zimbabwe

Zimbabwe cracks down on black market forex trade to prop up ZiG currency
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11 June, 2024

Zimbabwe cracks down on black market forex trade to prop up ZiG currency

Since the revived crackdown began, bankers say forex volumes on official channels have increased, but some merchants still refuse to...
Zimbabwe launches gold-backed ZiG notes and coins, but mistrust still high
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6 May, 2024

Zimbabwe launches gold-backed ZiG notes and coins, but mistrust still high

After launching digitally a month ago, the physical versions of the ZiG gold-backed currency have debuted, but many businesses are...
Zimbabwe launches new gold-backed currency, but age-old challenges remain
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12 April, 2024

Zimbabwe launches new gold-backed currency, but age-old challenges remain

It was the U.S. dollar and South African rand, and then Zimbabwe switched to a USD-backed bond note, then the...
Reserve Bank of Zimbabwe introduces gold-backed digital token ZiG
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15 October, 2023

Reserve Bank of Zimbabwe introduces gold-backed digital token ZiG

The Reserve Bank of Zimbabwe (RBZ) introduces Zimbabwe Gold (ZiG), a gold-backed digital token, as legal tender for retail use.
Zimbabwe mulls retail gold-backed digital tokens following initial successes
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19 August, 2023

Zimbabwe mulls retail gold-backed digital tokens following initial successes

As other African countries explore CBDCs, Zimbabwe plans to follow the trend of using retail gold-backed digital tokens in an...
Zimbabwe defies IMF, sells $40 million worth of gold-backed digital tokens
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20 May, 2023

Zimbabwe defies IMF, sells $40 million worth of gold-backed digital tokens

Zimbabwe’s tokens are backed by 140 kilograms of gold, the central bank says, revealing it’s preparing for a second round...
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