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CoinDesk 2y ago

Zimbabwe Central Bank Wants Citizens to Subscribe to Its Gold-Backed Digital Currency

The Reserve Bank of Zimbabwe has said the tokens will be issued by May 8.

https://www.coindesk.com/policy/2023/05/05/zimbabwe-central-bank-wants-citizens-to-subscribe-to-its-gold-backed-digital-currency/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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SinedinZigan 2y ago

So... let me think about their Token.

OK, It is gold backed.

But if they can expand the quantity of those tokens which would work just by pushing a button they still can steal the value of those tokens.

And this would mean you would get less gold for the tokens you earned. Another way of inflation (robbery).

Am I right with this explanation?

Fck them! ZIMBABWE BUY BITCOIN!