Name: Structured Currency;
*Exchange rate/Value: US$1: 10ZiG (ZW$10);
*ZiG (meaning Zimbabwe Gold) is a digital token issued in units of 1 milligramme of gold;
*Gold coin: Mosi-oa-Tunya gold coins are equivalent to ZiG;
*Structured Currency will be gold backed (government been buying bullion to support this currency since October 2022);
*Will also be supported by US$ reserves (from export proceeds retention scheme);
Does the Structured Currency have money characteristics?
Some of the most common characteristics of money are: divisibility, acceptability, portability, homogeneity,
durability, scarcity, fungibility and store of value.
This is the litmus test for the new currency. Will it command confidence, which is critical for its survival as a unit of account and means of exchange in this volatile economic environment without a political settlement?
Will this stem currency volatility and exchange rate-driven inflation?
so what will happen to the ZWL that was in our bank accounts
It will become fodder…
It’s hot air, my sister
Why 1:10 itai 1:1 hey
Congratulations
Wat will happen to all savings and zimdollar investments are they c
going convert or wat they must clarify all savings in RTGS ,bond where lost in the past years ,l hope let’s be very serious .no humans can survive without savings it’s a mess up
Does this work for us???