Is Zimbabwe’s Recently Released Gold-Backed Digital Currency a Good Idea?
Published on: Thursday 27 July 2023
Zimbabwe recently issued a gold-backed digital token as legal tender to stem the slide in the Zimbabwean dollar’s value and safeguard the purchasing power of Zimbabweans, who have been dealing with triple-digit inflation. Although the CBDC may lessen dependence on the US dollar, demand has been slow, and a few concerns have been expressed.
News source: https://internationalbanker.com/brokerage/is-zimbabwes-recently-released-gold-backed-digital-currency-a-good-idea/
