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Will the new ‘ZiG' ‘gold backed' digital currency alleviate Zimbabwe's currency stability woes?
THE chronic problem of Zimbabwe's economy has its roots in the land reform activities that began more than 30 years ago.The principle of ‘ethnic balance' in land ownership was fair. The prob...Published: 08 Oct 2023 at 08:02hrs | 1 | by John Mc Keown
Zimbabwe explores option of issuing digital currency
The Reserve Bank of Zimbabwe (RBZ) is exploring the option of issuing digital currency, a move that could revolutionize the way money is used in the country.The central bank said in a statemen...Published: 13 Aug 2023 at 09:06hrs | 12 | by Staff Reporter
Zimbabwe set to introduce Gold Backed Digital Tokens for daily transactions
THE Reserve Bank of Zimbabwe (RBZ) says plans have now reached an advanced stage to introduce the Gold Backed Digital Tokens (GBDT) as a medium of exchange to be by the public in daily transactions....Published: 11 Aug 2023 at 06:38hrs | 7 | by Staff reporter
Zimbabwe in race to introduce digital currency
Zimbabwe is in the race to become one of the first African countries to introduce a central bank digital currency (CBDC).Nigeria became the first country in Africa to issue a CBDC, the eNaira,...Published: 04 Mar 2023 at 10:25hrs | 1 | by Staff reporter
RBZ conducts digital currency survey
THE Reserve Bank of Zimbabwe (RBZ) has stepped up plans to create Zimbabwe's own Central Bank Digital Currency (CBDC) on a phased approach by carrying-out consumer perception surveys.The bank'...Published: 11 Nov 2022 at 05:04hrs | 1 | by Staff reporter
Zimbabwe explores central bank digital currency
The Reserve Bank of Zimbabwe (RBZ) says it is moving ahead with plans to create Zimbabwe's own Central Bank Digital Currency (CBDC) on a phased approach.RBZ Governor Dr John Mangudya said the ...Published: 24 Aug 2022 at 06:37hrs | 1 | by Staff reporter
'Bidenism' has killed dollar dominance?
Time will tell whether Putin wins the sweepstakes of expansionism or the cost of economic distress eventually overwhelms Russia and him. However, some interesting shifts in geo-strategy are discernibl...Published: 15 Mar 2022 at 16:09hrs | 7 | by Vaishali Basu Sharma
Has yuan become Russia's new dollar?
Russia could use the Chinese yuan to bypass the crippling sanctions and SWIFT payment ban imposed by the US and its allies.One rouble now buys less than one US cent, causing ordinary Russians ...Published: 10 Mar 2022 at 05:49hrs | 1 | by Staff reporter
Zimbabwe government looks to own digital currency, not crypto
As digital currencies expand and become mainstream and normalised, it is not going to be unusual to find governments around the world considering the benefits that such a currency could offer their ci...Published: 17 Dec 2021 at 11:53hrs | 12 | by Staff Reporter
ZBC hikes licence fees
Cabinet received an update in respect of Zimbabwe's Covid-19 response as presented by the Honourable Vice President Dr. CGDN Chiwenga as chairperson of the Ministers' National Committee.The na...Published: 10 Nov 2021 at 05:31hrs | 10 | by Staff reporter
Push for digital currency gains traction
ZIMBABWEAN firm, Global Renaissance Investment (GRI) says Zimbabwe must seriously consider introducing a central bank digital currency (CBDC) to stabilise the economy.A CBDC is sovereign legal...Published: 30 Aug 2021 at 05:52hrs | 7 | by Staff reporter
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