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Zimbabwe Not Ready to De-Dollarize, Says Finance Minister

[Feb 13 8:30 AM] Zimbabwe’s Finance Minister Mthuli Ncube stated that the country must regain access to credit lines before adopting the Zig as its sole currency. He emphasized the need to restructure $21 billion in debt, as Zimbabwe has been locked out of capital…

BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says Professor

[Oct 17, 2024 3:30 AM] A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries…

Zimbabwe Central Bank Denies Forced Remittance Conversion Claims

[Aug 17, 2024 9:30 AM] The Reserve Bank of Zimbabwe (RBZ) has denied claims that it intends to force recipients of U.S. dollar-denominated remittances to convert their funds into local currency. The central bank clarified that it has no plans to review its diaspora…

Zimbabwe Is Seeking Comments on the Crypto Industry: Report

[Jun 12, 2024 3:41 AM] Zimbabwe is seeking comments from the crypto industry as it tries to understand the sector more.

Zimbabwe Government-Appointed Committee Aims to Understand Local Cryptocurrency Ecosystem

[May 15, 2024 9:33 PM] The Zimbabwean government has formed a multi-stakeholder committee, tasked with consulting stakeholders in the cryptocurrency ecosystem. This committee, known as the National Risk Assessment Coordination Committee (NRACC), aims to determine the…

Physical version of gold-backed token replaces Zimbabwe dollar

[Apr 30, 2024 2:26 PM] The country has struggled with an unstable currency for years, but now it will have one backed by reserves three times larger than its issuance.

Zimbabwe turns gold-backed digital token into payment method

[Oct 10, 2023 3:30 AM] The Reserve Bank of Zimbabwe first introduced its new project, in which every issued digital token would be backed by a physical amount of gold held in the bank’s reserves, in April 2023.

Gold-Backed Digital Tokens Now an Approved Payment Method Says Zimbabwean Central Bank

[Oct 8, 2023 11:30 PM] Zimbabwean residents and institutions can now pay or settle domestic transactions using the recently launched gold-backed digital tokens, the central bank has said. Bank governor John Mangudya said the central bank has enlisted the services of…

Zimbabwe central bank close to introducing gold-backed digital tokens into retail

[Aug 14, 2023 1:25 PM] Physical and digital gold tokens have been a big success as investments and an inflation hedge in Zimbabwe, which continues to face triple-digit inflation.

As Zimbabwe’s Fiat Currency Crashes Again, Bitcoin Adoption Is Poised To Last

[Jul 11, 2023 6:00 AM] This is an opinion by Thabo P. Ncube, a Bitcoiner who lived through Zimbabwe’s hyperinflation in 2008.The Reserve Bank of Zimbabwe (RBZ), the fiat custodian and lender of last resort in the country, recently “liberalized” its much-vaunted foreign…

Zimbabwe's Gold-Backed Digital Token Won't Fix the Country's Currency Woes, Economists Say

[Jun 27, 2023 1:46 AM] Sound macroeconomic policies like raising interest rates and bringing down the country's deficit could dampen Zimbabwe's currency instability, economists said.

Zimbabwe Sells Millions of Gold-backed Crypto Tokens, Shrugs off IMF Advice

[May 15, 2023 12:40 PM] Zimbabwe ignored the International Monetary Fund’s (IMF) caution and engaged in the sale of its gold-backed crypto tokens. As a result, the Reserve Bank of Zimbabwe recorded huge success selling its gold-backed digital assets worth 14 billion…

Zimbabwe sells millions of gold-backed crypto tokens despite IMF warning

[May 14, 2023 11:22 PM] The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a success.

Zimbabwe sets price to sell gold-backed digital tokens

[May 5, 2023 3:40 AM] Zimbabwe's central bank plans to sell gold-backed digital tokens at $10 for individuals and $5,000 for corporates.

Zimbabwe Central Bank Wants Citizens to Subscribe to Its Gold-Backed Digital Currency

[May 5, 2023 2:04 AM] The Reserve Bank of Zimbabwe has said the tokens will be issued by May 8.

Zimbabwe to Introduce Gold-Backed Digital Currency: Report

[Apr 24, 2023 3:23 AM] The country's central bank wants people to be able to exchange Zimbabwe dollars for the gold-backed token so they can hedge against the currency's volatility.

Zimbabwe's central bank to issue gold-backed digital currency: Report

[Apr 23, 2023 11:54 AM] The Reserve Bank of Zimbabwe plans to introduce a gold-backed digital currency as legal tender in a bid to stabilize its local currency.

Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket

[Mar 19, 2023 11:30 AM] Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and…

Reviewing The Best Bitcoin Lightning Wallets For Slow-Internet Regions

[Feb 21, 2023 10:11 AM] In regions where the internet is slow or unstable, using Bitcoin’s Lightning Network can be a challenge. What are the best tools available?​​This is an opinion editorial by Anita Posch, the founder of Bitcoin For Fairness who has traveled around…

Proof Of Resilience: Financial Freedom Through Bitcoin In Africa

[Nov 21, 2022 9:06 PM] Bitcoin offers financial opportunities that have been explicitly taken from Africans in recent history.This is an opinion editorial by Alexandria, a citizen of Zimbabwe and a second year business administration student at Liaoning Shuhua University…