RSS Feed  Les actualités de la BRVM en Flux RSS

NEWS FINANCIÈRES

Nous agrégeons les sources d’informations financières spécifiques Régionales et Internationales. Info Générale, Economique, Marchés Forex-Comodities- Actions-Obligataires-Taux, Vieille règlementaire etc.

Reducing cash volatility: Zimbabwe launches gold-backed digital currency

10/05/2023
Source : ORISHAS FINANCE
Categories: Sectors

Enjoy a simplified experience

Find all the economic and financial information on our Orishas Direct application to download on Play Store

Le lundi 8 mai 2023, le Zimbabwe a lancé une monnaie numérique adossée à l' or dans le but to reduce the volatility of its cash currency and to curb the hyperinflation that is strangling the &

economy.

Digital tokens will be used not only as a means of payment and as a store of value. For some economists, these tokens represent a backdoor way of printing money, about three months before the presidential election. The Central Bank statement announces that these digital tokens will be sold in US dollars and in the local currency (the Zimbabwe dollar). However, their price in local currency will be accompanied by a margin of 20% above the average interbank rate between willing buyers and sellers. Digital tokens backed by gold should thus allow citizens to protect themselves against the current high volatility of the exchange rate

.
Provided by AWS Translate

0 COMMENTAIRE