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11-13-2024
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Zimbabwe

Zimbabwe cracks down on black market forex trade to prop up ZiG currency
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11 June, 2024

Zimbabwe cracks down on black market forex trade to prop up ZiG currency

Since the revived crackdown began, bankers say forex volumes on official channels have increased, but some merchants still refuse to...
Zimbabwe launches gold-backed ZiG notes and coins, but mistrust still high
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6 May, 2024

Zimbabwe launches gold-backed ZiG notes and coins, but mistrust still high

After launching digitally a month ago, the physical versions of the ZiG gold-backed currency have debuted, but many businesses are...
Zimbabwe launches new gold-backed currency, but age-old challenges remain
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12 April, 2024

Zimbabwe launches new gold-backed currency, but age-old challenges remain

It was the U.S. dollar and South African rand, and then Zimbabwe switched to a USD-backed bond note, then the...
Reserve Bank of Zimbabwe introduces gold-backed digital token ZiG
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15 October, 2023

Reserve Bank of Zimbabwe introduces gold-backed digital token ZiG

The Reserve Bank of Zimbabwe (RBZ) introduces Zimbabwe Gold (ZiG), a gold-backed digital token, as legal tender for retail use.
Zimbabwe mulls retail gold-backed digital tokens following initial successes
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19 August, 2023

Zimbabwe mulls retail gold-backed digital tokens following initial successes

As other African countries explore CBDCs, Zimbabwe plans to follow the trend of using retail gold-backed digital tokens in an...
Blockchain brings economic gains to African farmers with more reliable supply chains
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21 June, 2023

Blockchain brings economic gains to African farmers with more reliable supply chains

nChain's study titled "Immutable Livestock Tracking and Compliance Logs Using Blockchain" tracks cattle from birth, recording all meaningful events in...
Zimbabwe defies IMF, sells $40 million worth of gold-backed digital tokens
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20 May, 2023

Zimbabwe defies IMF, sells $40 million worth of gold-backed digital tokens

Zimbabwe’s tokens are backed by 140 kilograms of gold, the central bank says, revealing it’s preparing for a second round...
Zimbabwe’s central bank launches gold-backed digital currency
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12 May, 2023

Zimbabwe’s central bank launches gold-backed digital currency

The core feature of Zimbabwe's new gold-backed tokens is its fractionalization, allowing individual investors to buy tokens for as low...
Digital asset adoption, CBDC efforts, new laws and more: Africa’s 2022 in review
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4 January, 2023

Digital asset adoption, CBDC efforts, new laws and more: Africa’s 2022 in review

Morocco lifted the ban on digital assets, Kenya is now taxing Bitcoin, Nigeria drafted its first law recognizing Bitcoin, Zambia...
Zimbabwe central bank invites public comments on CBDC
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18 August, 2022

Zimbabwe central bank invites public comments on CBDC

The CBDC is one of the measures the central bank is looking to utilize in tightening monetary policy to "sustainably...
2021 year in review: Bitcoin comes of age in Africa
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31 December, 2021

2021 year in review: Bitcoin comes of age in Africa

2021 had it all in Africa for digital currencies—adoption soared by 1,200% as Kenya led global P2P trades, but there...
Zimbabwe weighing BTC as legal tender—here’s why it shouldn’t
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12 November, 2021

Zimbabwe weighing BTC as legal tender—here’s why it shouldn’t

The Zimbabwe government is reportedly in consultation with the private sector on possibly making BTC legal tender like in El...