Zimbabwe to Launch Gold-Backed Digital Currency

central bank digital currency

Zimbabwe has had a long history of economic instability. From 2004 until 2009 the country experienced five years of hyperinflation.

More than ten years later, the economy is Zimbabwe is still in shambles. The Zimbabwe dollar was reintroduced in 2019. More periods of high inflation quickly followed.

Egypt Mints First Gold Ingot from Domestic Mines

The mines in Egypt’s Eastern Desert represent an incredible source of income for the country. Gold from the El Sukari mine is already being used to grow the Central Bank of Egypt’s reserves which have recently been reported to have increased to 125 tons of gold.

Tokenizing Gold Bullion Bars with Blockchain Technology

cbdc blockchain for tracking gold bars

Public trust in government central banks and global banks continues to erode as the world economy staggers to recover from issues caused by the pandemic response. Many central banks have begun working on CBDC projects as a means of implementing programmable and controllable currencies even though popular opinion opposes the implementation of the G7, WEF … Read moreTokenizing Gold Bullion Bars with Blockchain Technology