In this context, the new gold-backed CBDC may seem a promising initiative to restore stability. The RBZ claims Zimbabwe has enough gold reserves to fully back the new digital currency. By pegging its

On July 28th, the Central Bank issued a circular outlining the resolutions reached during the monetary policy meeting held on that day to evaluate the efficacy of recent policy interventions implement

Global gold prices have started the week on a firmer note, stabilizing around $2,305 per ounce yesterday, following a 3.5% drop on Friday - the largest daily decline since November 2020. Investor sen

The Reserve Bank of Zimbabwe, the nation's central banking authority, has elected to maintain the benchmark interest rate at its current level for the third consecutive period, as evidenced by the lat

The embattled ZiG, a currency embroiled in a fierce battle for survival, has found itself in a perilous state, trading at an alarming rate of 13.7689 against the mighty U.S. dollar on July 24th, 2024

The Reserve Bank of Zimbabwe has raised the bank policy rate from 20% in April this year to 35%, according to the latest Monetary Policy Statement released last Friday. Standard and statutory reserve

Gold prices have continued their upward trajectory, reaching a new record high of US$2,750 per ounce on October 23, 2024. This surge is driven by gold's status as a safe-haven asset amid escalating ge

In 2025, gold's outlook is projected to remain strong due to continued central bank accumulation, robust demand from gold ETF investors, and increasing geopolitical uncertainties. Central banks are e

Global gold demand reached unprecedented levels in 2024, with total demand (including over-the-counter investment) rising by 1% year-on-year in the fourth quarter to achieve a new quarterly high.  Thi