Zimbabwe Sets Price to Lure Buyers for Gold-Backed Digital Money
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Zimbabwe’s central bank will start selling gold-backed digital currency to investors next week and set the minimum token price at $10 for individuals and $5,000 for corporates and other entities.
The tokens will be sold in US dollars and local currency, but the latter shall be at a 20% margin above the willing-buyer willing-seller interbank mid-rate, the Reserve Bank of Zimbabwe said in statement on Thursday. The offer opens on May 8 and closes two days later.