Home » Zimbabwe’s gold-backed digital token is not enough to stabilize the local currency, economists say

Zimbabwe’s gold-backed digital token is not enough to stabilize the local currency, economists say

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The reason experts are skeptical about the ability of a gold-backed digital token is that it may not be enough to stop the growth of the money supply, which is a real problem. Without strong macroeconomic policies, a digital token cannot reduce the amount of money circulating in the economy, Chitambara said.

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