Zimbabwe Introduces Gold-Backed Digital Token as Innovative Payment Solution, Enhancing Financial Infrastructure
Zimbabwe's central bank is set to announce the launch of a gold-backed digital token within the next six months. Championed by Reserve Bank of Zimbabwe (RBZ) Governor, John Mangudya, the move is expected to help lift the country's economy from a slump and arrest extreme hyperinflation. The digital token will also help alleviate a cash shortage, although the deputy Minister of Finance, Clemence Chiduwa, added that this alone cannot fix the problem. The RBZ is additionally planning a national fintech strategy to boost the country’s economy. #DigitalToken #GoldBacked #ZimbabweEconomy 👨💼💱🇿🇼En Español: El banco central de Zimbabwe anunciará el lanzamiento de un token digital respaldado en oro dentro de los próximos seis meses. Se espera que la medida, defendida por el Gobernador del Banco de la Reserva de Zimbabwe (RBZ), John Mangudya, ayude a sacar a la economía del país de una crisis y a detener la hiperinflación extrema. El token digital también ayudará a aliviar la escasez de efectivo, aunque la viceministra de Finanzas, Clemence Chiduwa, añadió que esto por sí solo no puede solucionar el problema. Además, el RBZ está planificando una estrategia nacional de tecnología financiera para impulsar la economía del país. #DigitalToken #GoldBacked #ZimbabweEconomy 👨💼💱🇿🇼
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