The Reserve Bank of Zimbabwe recently revealed that some 25,188 of its value-preserving gold coins were sold between July 2022 and Jan. 13. According to the central bank governor, John Mangudya, the g...
Tag: Zimbabwe
There Are More Music Offices Than Ever Before, But How We Fund Them Needs To Change
Few of them are funded, staffed and have regulatory power. This must change. On 19 January, the City of Philadelphia approved a resolution to create a Philadelphia Music Office. While a task force has...
Raw Lithium Exports Banned in Zimbabwe as Demand and Prices Soar
(Bloomberg) — Zimbabwe has banned the export of unprocessed raw lithium with immediate effect as part of efforts to have the key raw material in electric-vehicle batteries processed locally. Mos...
Zimbabwe Proceeding With Digital Currency Plans, Central Bank Undeterred By Slow Adoption of Nigerian CBDC – Africa Bitcoin News
Undeterred by the reported slow adoption of the Nigerian central bank digital currency, the deputy governor of the Reserve Bank of Zimbabwe, Innocent Matshe recently said his institution will proceed ...
Zimbabwe Tech Institute Developing Central Bank Digital Currency
Altcoin News The RBZ’s most recent announcement on the CBDC is similar to its prior updates. CBDC may assist the central bank cut down on the price of printing currency. According to HIT vice chancell...
Zimbabwe Tertiary Learning Institution Developing Central Bank Digital Currency – Bitcoin News
Harare Institute of Technology, a Zimbabwean higher learning institution, is reportedly developing a central bank digital currency (CBDC). Quinton Kanhukamwe, the institution’s vice chancellor, said t...
Reserve Bank of Zimbabwe ‘Developed a Roadmap for Adoption of CBDC,’ Says Governor – Coinotizia
The governor of the Zimbabwean central bank, John Mangudya, recently said his organization “has developed a roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe.” Mangudya also rev...
Reserve Bank of Zimbabwe ‘Developed a Roadmap for Adoption of CBDC,’ Says Governor – Fintech Bitcoin News
The governor of the Zimbabwean central bank, John Mangudya, recently said his organization “has developed a roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe.” Mangudya also rev...
Inflation is so bad in Zimbabwe that the country is now issuing gold coins to its citizens
As a global inflationary wave continues to send costs soaring for everything from fuel to groceries, some governments are getting creative in reining in prices. Zimbabwe, a country of less than 15 mil...
Will minting gold coins help Zimbabwe to beat soaring inflation?
Global macroeconomic situations brought inflationary circumstances for many countries, but several had the worst hit. Since the start of this year, the global economic situation has taken a lot ...
Zimbabwe Will Issue Gold Coins To Control Inflation. Why Don’t They Use BTC?
Like most of the world’s, Zimbabwe ’s economy is in shambles. Is a gold coin the solution, though? It might just be. The country’s central bank announced “the “Mosi-oa-tunya” coin, named after Victori...
Zimbabwe Sells Gold Coins to Ease US Dollar in High Demand
(Bloomberg) — Zimbabwe’s central bank plans to sell gold coins to the public from July 25 as a store of value to stabilize the nation’s tumbling currency and offer an alternative to the US dolla...
Zimbabwe and Lebanon close to adopting Bitcoin?
While major Western economies are grappling with inflation rates not seen in more than 40 years, there are countries that have had to live with triple-digit inflation rates for years, such as Lebanon ...
Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value – Economics Bitcoin News
After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum. In addition, the central...
Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value – Coinotizia
After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum. In addition, the central...
Chinese Mining Billionaire To Invest $300 Million In Zimbabwe Lithium Project
A grinding mill installed at the Arcadia Lithium mine on January 11, 2022 in Goromonzi, Zimbabwe on … [+] January 11, 2022. Tafadzwa Ufumeli/Getty Images Shanghai-listed mining company Zhejiang ...
Zimbabwe Dollar’s Second Death Seen as Only a Matter of Time
(Bloomberg) — When Zimbabwean businessman Nigel Chanakira asked 100 chief executive officers at a seminar in Harare on Jan. 27 if they were willing to use the local currency, only one raised his...
Cricket’s Seedy Underbelly Again Haunts The Sport After Brendan Taylor’s Corruption Scandal
Brendan Taylor has been banned for three and a half years. (Photo by INDRANIL MUKHERJEE/AFP via … [+] Getty Images) AFP via Getty Images Despite its staid connotations, cricket has often been do...
Zimbabwe Signs Agreement Enabling Collection of Taxes From Crypto and E-Commerce Entities – Taxes Bitcoin News
The Government of Zimbabwe has confirmed signing an agreement with Daedalus World Limited which enables the latter to collect taxes from crypto and other content providers. Zimbabwe’s Stance on Crypto...