Strategy Note /
Zimbabwe

Zimbabwe's gold-backed digital currency: Challenges and risks ahead

  • Zimbabwe has introduced a gold-backed digital currency to stabilise the weakening currency and combat hyperinflation

  • The digital currency most likely won't meet its objectives – it's no substitute for policy credibility and FX reserves

  • We examine the initiative, analysing the government's objectives and the potential risks

Zimbabwe's gold-backed digital currency: Challenges and risks ahead
Ayushi Gupta
Ayushi Gupta

Research Analyst

Tellimer Research
25 May 2023
Published byTellimer Research

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