Gold-backed digital tokens mop up $34bn excess liquidity

Nqobile Bhebhe, THE Reserve Bank of Zimbabwe (RBZ) has mopped up $34 billion through gold-backed digital tokens, which are part of measures to reduce liquidity in the market and expand the value-preserving instruments to stabilise the economy. The gold-backed digital tokens just like the gold coins have a vesting period of 180 days and can […] Article Source: The Chronicle

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