The Reserve Bank of Zimbabwe -RBZ- has released the latest prices for the gold coins and Gold-backed Digital Tokens. The gold-backed digital tokens, now named Zimbabwe Gold or ZiG, became an approved means of payment for domestic transactions few months ago with any transactions going through ...
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...