{"id":79491,"date":"2023-06-23T21:16:50","date_gmt":"2023-06-23T19:16:50","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-weekly-gold-backed-digital-tokens-mop-up-zw35-billion"},"modified":"2023-06-24T00:55:53","modified_gmt":"2023-06-23T22:55:53","slug":"rbz-weekly-gold-backed-digital-tokens-mop-up-zw35-billion","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-weekly-gold-backed-digital-tokens-mop-up-zw35-billion","title":{"rendered":"RBZ weekly gold backed digital tokens mop up ZW$3,5 billion"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>THE Reserve Bank of Zimbabwe (RBZ) weekly gold backed digital tokens mopped up ZW$3,5 billion in a move that has significantly mopped up excess liquidity from the market.<\/p>\n<p>The central bank this year introduced digital tokens backed by gold reserves to complement the national currency and also serve as an alternative investment option as opposed to chasing after the US$ on the parallel market.<\/p>\n<p>The instruments can be transferred between people and businesses as a form of payment and are projected to stabilise the Zimbabwean dollar.<\/p>\n<p>In an update Friday, the RBZ announced that significant progress in the uptake of the tokens.<\/p>\n<p>\u201cThe public is hereby notified of the results of the RBZ digital tokens Issue 7\/2023 held on Thursday June 22 2023.The Bank received 28 applications valued at ZW$3,5 billion in purchase of gold backed digital tokens,\u201d said the bank.<\/p>\n<p>Since the inception of the tokens , excess ZW$ which have been used to finance parallel market activities and this initiative coupled with other mechanisms implemented earlier are expected to go a long way in stabilising the exchange rate.<\/p>\n<p>Last week , the bank reported that out of 35 applications received ZW$3 billion was mopped up and US$4 199, 98 through the instruments.<\/p>\n<p>\u201cApplications under the eighth issue of the RBZ gold backed digital tokens should be submitted through the banks during the course of the week for settlement and issuance on Thursday 29 2023,\u201d the central bank said.<\/p>\n<p>Following Nigeria\u2019s launch of its e-Naira digital currency in 2021 and Ghana and South Africa began piloting their versions, several other African countries \u2013 including Namibia, Zambia, Madagascar, Eswatini, Mauritius, Tanzania, Rwanda, Kenya, and Uganda \u2013 are exploring the possibility of rolling out their digital currencies.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zimbabwe\">Zimbabwe<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. THE Reserve Bank of Zimbabwe (RBZ) weekly gold backed digital tokens mopped up ZW$3,5 billion in a move that has significantly mopped up excess liquidity from the market. The central bank this year introduced digital tokens backed by gold reserves to complement the national currency and also serve as an alternative investment [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":79489,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,19],"class_list":["post-79491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>RBZ weekly gold backed digital tokens mop up ZW$3,5 billion - zimbabwe<\/title>\n<meta name=\"description\" content=\"THE Reserve Bank of Zimbabwe (RBZ) weekly gold backed digital tokens mopped up ZW$3,5 billion in a move that has signifi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-weekly-gold-backed-digital-tokens-mop-up-zw35-billion\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBZ weekly gold backed digital tokens mop up ZW$3,5 billion\" \/>\n<meta property=\"og:description\" content=\"THE Reserve Bank of Zimbabwe (RBZ) weekly gold backed digital tokens mopped up ZW$3,5 billion in a move that has signifi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-weekly-gold-backed-digital-tokens-mop-up-zw35-billion\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-23T19:16:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-23T22:55:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1687544566.974273.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"532\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-weekly-gold-backed-digital-tokens-mop-up-zw35-billion#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-weekly-gold-backed-digital-tokens-mop-up-zw35-billion\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"RBZ weekly gold backed digital tokens mop up ZW$3,5 billion\",\"datePublished\":\"2023-06-23T19:16:50+00:00\",\"dateModified\":\"2023-06-23T22:55:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-weekly-gold-backed-digital-tokens-mop-up-zw35-billion\"},\"wordCount\":296,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-weekly-gold-backed-digital-tokens-mop-up-zw35-billion#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1687544566.974273.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zimbabwe\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-weekly-gold-backed-digital-tokens-mop-up-zw35-billion#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-weekly-gold-backed-digital-tokens-mop-up-zw35-billion\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-weekly-gold-backed-digital-tokens-mop-up-zw35-billion\",\"name\":\"RBZ weekly gold backed digital tokens mop up ZW$3,5 billion - 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