Sunday March 8, 2026

Zimbabwe’s Central Bank Launches Gold-and Forex-Backed ‘Structured Currency’

Zimbabwe’s Central Bank Launches Gold-and Forex-Backed ‘Structured Currency’

by Terence Zimwara April 6, 2024 1 min read

(Originally posted on : Bitcoin News )

The Reserve Bank of Zimbabwe has introduced a foreign exchange and gold-backed “structured currency” to replace the struggling local currency. The structured currency banknotes will be “fully convertible into the reserve currency on demand.” The central bank has also reduced the annual interest rate from 130% to 20%. Structured Currency Supported by Solid Fundamentals The […]

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