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Zimbabwe Defies IMF Directive to Sell Millions of Gold-Backed Crypto Assets; Terms It a Success

By Jared Kirui at 2026-05-07 06:31

Sentiment: Negative

The Reserve Bank of Zimbabwe (RBZ) has sold gold-backed cryptocurrencies valued at 14 billion Zimbabwean dollars despite a warning by the International Monetary Fund against adopting the digital currency to address the country’s macroeconomic problems. RBZ Governor Dr John Mangudya announced in a statement on May 12 that the central bank had received 135 applications […] Continue reading...

Categories: Cryptocurrency

Tags: #Cryptocurrency #News #Cryptocurrency News

Source ZyCrypto