Zimbabwe introduces gold -covered cryptocurrency

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Von: Krypto News Österreich

Am 23. April gab die Reserve Bank of Zimbabwe (RBZ) bekannt, dass der goldgedeckte digitale Vermögenswert in der afrikanischen Nation als gesetzliches Zahlungsmittel verwendet wird. Der Schritt ist Teil der Bemühungen, die Wirtschaft des Landes und die anhaltende Abwertung der Landeswährung gegenüber dem US-Dollar zu stabilisieren. Laut Berichten in lokalen Medien wird der Schritt es denjenigen ermöglichen, die kleine Beträge von Simbabwe-Dollar besitzen, ihr Geld gegen digitale Wertmarken einzutauschen. Dies wird ihnen helfen, Werte zu speichern und sich gegen Währungsschwankungen abzusichern. RBZ-Gouverneur Dr. John Mangudya sagte, die aktuelle Wechselkursvolatilität sei durch „Erwartungen eines erhöhten Fremdwährungsangebots“ verursacht worden. Dies ist auf …
On April 23, the Reserve Bank of Zimbabwe (RBZ) announced that the gold -covered digital asset in the African nation was used as a legal means of payment. The step is part of the efforts to stabilize the country's economy and the persistent devaluation of the state currency compared to the US dollar. According to reports in local media, the step will enable those who have small amounts of Zimbabwe-dollars to exchange their money for digital brands. This will help you save values ​​and to secure yourself against currency fluctuations. RBZ-GouVerneur Dr. John Mangudya said that the current exchange rate volatility was caused by "expectations of an increased foreign currency offer". This is on ... (Symbolbild/KNAT)

On April 23, the Reserve Bank of Zimbabwe (RBZ) announced that the gold -covered digital asset in the African nation was used as a legal means of payment.

The step is part of the efforts to stabilize the economy of the country and the persistent devaluation of the state currency compared to the US dollar.

According to reports in local media, the step will enable those who have small amounts of Zimbabwe-dollars to exchange their money for digital brands. This will help you save values ​​and to secure yourself against currency fluctuations.

RBZ-GouVerneur Dr. John Mangudya said that the current exchange rate volatility was caused by "expectations of an increased foreign currency offer".

This is due to the start of the tobacco season if farmers receive payments in USD.

distancing from the dollar

It is not the first time that Zimbabwe turns gold to tackle problems with currency volatility. Gold coins were introduced last year to stabilize the local currency. It should be officially traded at around $ 1,000 per dollar, but often changes the owner for up to $ 1,750 on the street.

Zimbabwe gave up his currency in 2009 and mainly replaced it with the US dollar. This followed a time of extreme hyperinflation that made the local money worthless. In 2019, the Zimbabwei dollar was reintroduced to revive the local economy, but volatility came again. It did not consider to introduce Bitcoin as a legal means of payment, but rather thought about a CBDC (digital currency of the central bank).

Details on the technical aspects of the blockchain of the new digital currency were not mentioned.

gold is a relatively stable raw material compared to currencies. The gold prices have increased this year because another upcoming US banking crisis has led to an escape in investments.

Golds Performance YTD

The gold price has increased by 8.25 % since the beginning of the year. In addition, according to Gold Price, they reached an all -time high of $ 2,040/oz on April 13th. However, the yellow metal has decreased since then and is currently around $ 1,980/oz.

In comparison, Bitcoin prices have risen sharply this year and have increased by around 70 % since January 1st.

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