The Central Bank of Zimbabwe will introduce a new digital currency in the country that will be backed by gold. About the Sunday Mail declaration John Mangudia, head of the credit institution.
The publication noted that the introduction of digital currency is one of the types of interventions the country’s central bank has taken to stabilize the national currency.
According to the publication, the new digital currency will be in demand first and foremost among small bank depositors. They will be able to transfer their funds there, thereby offsetting the impact of price risks in the form of a weakening of the Zimbabwean dollar.
April 19 Central Bank of Russia announced The financial structure, which announced on its website that the digital ruble will not replace the cash that will remain in circulation, also announced that the digital ruble will not have an expiration date and that the list of goods that can be paid with it is not limited. In addition, the Central Bank noted that there will not be a separate exchange rate for foreign currencies.
Prior to that, Anatoly Aksakov, chairman of the State Duma Financial Market Committee, said that the State Duma has confirmed plans to create a stablecoin (the common name for cryptocurrencies) backed by gold and aimed at international treaties, including Iran.