Zimbabwe Draws on Nigeria Lessons in Crypto Currency Plans
- Slow eNaira uptake won’t deter CBDC plans, central banker says
- Central bank sends team to Ghana, China to study digital money
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Zimbabwe is drawing lessons from Nigeria as it pursues plans for its own central bank digital currency and won’t be deterred by lackluster interest shown in that country.
The slow uptake of the eNaira, Africa’s first CBDC, is unlikely to sway Zimbabwe’s decision-making, according to Innocent Matshe, deputy governor of the southern African nation’s Reserve Bank. Preparations remain in place to introduce a digital currency despite the jury being “still out” on the concept, he said.