Monday, December 11, 2023

Zimbabwe’s Gold-Backed Digital Token Isn’t Sufficient to Stabilize Native Foreign money, Economists Say



The explanation consultants are skeptical of the gold-backed digital token’s prowess is as a result of it will not be sufficient to cease cash provide progress, which is the actual drawback at hand. A digital token, with out sturdy macroeconomic insurance policies in place, can’t scale back the sum of money circulating within the financial system, Chitambara stated.

Source link

Read more

Local News