Zimbabwe dismisses IMF's gold-backed digital currency warning
Loading player...
Despite the International Monetory Fund warning Zimbabwe against adopting a gold-backed digital currency,
the Southern African nation has already tapped into gold reserves to back the launch of the first sale. This in a bid to curb demand for U.S dollars and boost its depreciating local unit. Business Day TV spoke to Fungisai Sithole, Program Manager at the Friedrich Nauman Foundation for more insight.
the Southern African nation has already tapped into gold reserves to back the launch of the first sale. This in a bid to curb demand for U.S dollars and boost its depreciating local unit. Business Day TV spoke to Fungisai Sithole, Program Manager at the Friedrich Nauman Foundation for more insight.
