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Zimbabwe’s De-Dollarization: Central Bank to Issue Gold-Backed Digital Currency in Early May

Bitcoin.com
Zimbabwe’s De-Dollarization: Central Bank to Issue Gold-Backed Digital Currency in Early May
Africa
Zimbabwe’s De-Dollarization: Central Bank to Issue Gold-Backed Digital Currency in Early MayThe Reserve Bank of Zimbabwe (RBZ) has said it will start issuing gold-backed digital tokens on May 8. The first phase of the launch will see the digital tokens being issued for “investment purposes with a vesting period of 180 days.” The RBZ also revealed that the gold-backed digital tokens “would be used both as […]
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Franklin Templeton CEO: Blockchain offers major cost savings for tokenization

Franklin Templeton CEO: Blockchain offers major cost savings for tokenization

The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century Italy

Bitcoin.com
The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century Italy
$POWER
The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century ItalyAmid the banking chaos of the 21st century, some are looking back more than 600 years ago, to the Medici Bank — one of the most powerful banks of its time. It established its business and became one of the most respected banks in Europe during its prime, and the prominent Italian family of bankers […]
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Franklin Templeton CEO: Blockchain offers major cost savings for tokenization

Franklin Templeton CEO: Blockchain offers major cost savings for tokenization

Gold Coins Help Zimbabwe Achieve ‘Price and Exchange Rate Stability’ — Central Bank

Bitcoin.com
Gold Coins Help Zimbabwe Achieve ‘Price and Exchange Rate Stability’ — Central Bank
Africa
Gold Coins Help Zimbabwe Achieve ‘Price and Exchange Rate Stability’ — Central BankThe Reserve Bank of Zimbabwe recently revealed that some 25,188 of its value-preserving gold coins were sold between July 2022 and Jan. 13. According to the central bank governor, John Mangudya, the gold coins “have proved to be an effective open market instrument for mopping up excess liquidity in the economy.” Gold Coins as Alternative […]
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Franklin Templeton CEO: Blockchain offers major cost savings for tokenization

Franklin Templeton CEO: Blockchain offers major cost savings for tokenization

Zimbabwe Central Bank: Gold Coin Sales to Commence in Late July

Bitcoin.com
Zimbabwe Central Bank: Gold Coin Sales to Commence in Late July
alternative store of value
Zimbabwe Central Bank: Gold Coin Sales to Commence in Late JulyStarting on July 25, the Zimbabwean public will be able to buy and hold gold coins which weigh one troy ounce each. In addition to their use as an alternative store of value, the central bank says the coins can be traded and used as “security for loans and credit facilities.” Coins to Be Sold […]
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Franklin Templeton CEO: Blockchain offers major cost savings for tokenization

Franklin Templeton CEO: Blockchain offers major cost savings for tokenization

Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value

Bitcoin.com
Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value
benchmark interest rate
Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of ValueAfter seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum. In addition, the central bank said it will introduce gold coins which will act as an instrument that will “enable investors to store value.” Discouraging Speculative Borrowing Monetary […]
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Franklin Templeton CEO: Blockchain offers major cost savings for tokenization

Franklin Templeton CEO: Blockchain offers major cost savings for tokenization

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