Zimbabwe and Argentina Introduce Innovative Solutions to Combat Inflation and Revolutionize Finance
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#c1287937 ver:0.04
Zimbabwe has introduced a digital payment system called Zimbabwe Gold (ZiG), which is backed by physical gold held in the country's reserves. The ZiG digital tokens can be stored in a digital e-gold wallet or on e-gold cards, and can be used for business transactions or shared peer-to-peer. The introduction of gold coins and digital gold-backed tokens is intended to incentivize investors to put money into national assets instead of US dollars. The move is aimed at expanding the value-preserving instruments available in the economy and enhancing the divisibility and accessibility of investment instruments. The inflation rate in Zimbabwe reached 175% over the summer, prompting the issuance of gold coins as a means of storing value. The availability of gold is expected to ease pressure on the...
#newstr #Zimbabwe #Argentina #Inflation #Finance #DigitalPayment #GoldbackedTokens #UsDollars #Sonicwallet #Hyperinflation #UsTreasuryBonds #Digift #UsTreasuryBillTokens #Blockchain #Investment #Transparency #Security
