The central bank, Reserve Bank of Zimbabwe (RBZ) has released the latest interbank foreign currency exchange rate and prices for gold coins and digital gold-backed tokens. The tokens represent the digital form of the actual gold held by the RBZ. The value of a ZiG is quoted daily on the ...
Responding to questions on the sustainability of the gold coins, and how to close arbitrage opportunities, Mangudya said: “It is sustainable because not everyone will afford buying the gold coins. The limiting factor is the quantity of money at the central bank which belongs to the banks and ...
“Gold-backed digital tokens will be issued for investment purposes with a vesting period of 180 days and redeemable in the same way as the existing physical gold coins. The tokens will be available for sale through banks in both foreign currency and Zimbabwean dollar. “Banks will create spec...