Zimbabwe is bringing in a gold-backed digital currency with its own dollar ravaged by inflation
Business Insider via Yahoo Finance· 1 month agoPeople queueing to withdraw money from a bank in Zimbabwe in November 2019.Philimon Bulawayo/Reuters...
Zimbabwe's gold-backed digital token runs into political headwinds
Semafor via Yahoo News· 1 month agoZimbabwe launched gold-backed virtual coins as a central bank digital currency (CBDC) on Monday in...
Zimbabwe debuts gold coins as legal tender to stem inflation
Associated Press via Yahoo News· 10 months agoZimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that...
Zimbabwe is launching a local digital currency alternative to the US dollar
Quartz via Yahoo Finance· 1 month agoZimbabwe is introducing local digital tokens in the hope of reducing reliance on the US dollar....
Zimbabwe suspends bank lending in bid to arrest currency decline
Reuters via Yahoo Finance· 1 year agoZimbabwe's government on Saturday ordered banks to stop lending with immediate effect in a move...
Zimbabwe cracks down on mobile money to discourage US dollar uptake
Quartz· 1 year agoZimbabwe is squeezing the life out of its mobile money sector through a wave of regulatory...
Zimbabwe plans to launch digital currency backed by gold
theGrio via AOL· 1 month agoFaith in the Zimbabwe dollar is low HARARE, Zimbabwe (AP) — Zimbabwe will launch a digital currency...
Hyperinflation Spurs Zimbabwe to Halt Payments to Contractors
Bloomberg via Yahoo Finance· 10 months ago(Bloomberg) -- Zimbabwe has suspended payments to government contractors as part of efforts to halt...
Inflation is so bad in Zimbabwe that the country is now issuing gold coins to its citizens
Fortune via Yahoo Finance· 11 months agoAs a global inflationary wave continues to send costs soaring for everything from fuel to groceries,...
Zimbabwe will issue gold 'Mosi-oa-tunya' coins as sky-high inflation slams local currency
Business Insider via Yahoo Finance· 11 months agoA black market foreign currency dealer displays the new $1 million banknote worth $7 on the streets...