![Central Banking](https://www.centralbanking.com/sites/default/files/styles/print_logo/public/2017-03/print-logo.png?itok=_maJqRIT)
Zimbabwe will mint ‘digital gold token’, says governor
Mangudya says RBZ will offer “store of value” as alternative to foreign currency
![Reserve Bank of Zimbabwe Reserve Bank of Zimbabwe](/sites/default/files/styles/landscape_750_463/public/2019-02/4813483200_70b9279184_o.png.webp?h=d68dce70&itok=XyDoGdDr)
Zimbabwe’s central bank will issue “digital gold tokens” in a bid to reduce demand for foreign currency, a state-owned Zimbabwean newspaper reported on April 23. The central bank will also expand production of its physical gold coins.
Governor John Mangudya told the Sunday Mail Zimbabweans were seeking out foreign currency “as a store of value”. Minting gold-backed digital assets will “ensure that those with low amounts of local currency are able to purchase the gold units, so that we leave no
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com