Zim introduces digital currency backed by gold

Legal tender and a store of value
Zimbabwe now joins other African states like Nigeria, Ghana and South Africa that have introduced digital currencies.
  • 1 Year Ago - 2023-05-11 00:00:00
On Monday, Zimbabwe released a gold-backed digital currency for peer-to-peer and peer-to-business transactions as well as to act as a store of value as the country’s currency con
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Namibian Sun 2025-02-07

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Katima Mulilo: 18° | 34° Rundu: 19° | 32° Eenhana: 19° | 31° Oshakati: 21° | 32° Ruacana: 19° | 31° Tsumeb: 20° | 33° Otjiwarongo: 18° | 30° Omaruru: 21° | 32° Windhoek: 19° | 29° Gobabis: 20° | 32° Henties Bay: 18° | 22° Wind speed: 20km/h, Wind direction: SW, Low tide: 04:56, High tide: 11:31, Low Tide: 18:09, High tide: 00:38 Swakopmund: 18° | 19° Wind speed: 22km/h, Wind direction: SW, Low tide: 04:54, High tide: 11:29, Low Tide: 18:07, High tide: 00:36 Walvis Bay: 18° | 24° Wind speed: 25km/h, Wind direction: SW, Low tide: 04:54, High tide: 11:28, Low Tide: 18:07, High tide: 00:35 Rehoboth: 20° | 30° Mariental: 22° | 35° Keetmanshoop: 24° | 33° Aranos: 22° | 35° Lüderitz: 17° | 28° Ariamsvlei: 24° | 35° Oranjemund: 17° | 24° Luanda: 27° | 28° Gaborone: 20° | 36° Lubumbashi: 17° | 22° Mbabane: 18° | 29° Maseru: 16° | 27° Antananarivo: 17° | 28° Lilongwe: 18° | 27° Maputo: 23° | 34° Windhoek: 19° | 29° Cape Town: 19° | 26° Durban: 22° | 29° Johannesburg: 18° | 31° Dar es Salaam: 26° | 32° Lusaka: 16° | 27° Harare: 18° | 28° Currency: GBP to NAD 22.93 | EUR to NAD 19.15 | CNY to NAD 2.53 | USD to NAD 18.44 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.19 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 134.99 | USD to AOA 912 | USD to BWP 13.85 | USD to EGP 50.25 | USD to KES 129.19 | USD to NGN 1496.41 | USD to ZAR 18.45 | USD to ZMW 28 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 87191.25 Up +0.67% | Namibian Stock Exchange (NSX) Overall Index 1795.22 Up +2.25% | Casablanca Stock Exchange (CSE) MASI 16326.12 Up +0.67% | Egyptian Exchange (EGX) 30 Index 30011.84 Up +0.93% | Botswana Stock Exchange (BSE) DCI 10075.28 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 867.87/OZ UP +0.34% | Copper US$ 4.49/lb UP +1.17% | Zinc US$ 2 881.30/T UP 1.59% | Brent Crude Oil US$ 75.36/BBP UP +0.73% | Platinum US$ 1 022.72/OZ UP +1.13% Sport results: Weather: Katima Mulilo: 18° | 34° Rundu: 19° | 32° Eenhana: 19° | 31° Oshakati: 21° | 32° Ruacana: 19° | 31° Tsumeb: 20° | 33° Otjiwarongo: 18° | 30° Omaruru: 21° | 32° Windhoek: 19° | 29° Gobabis: 20° | 32° Henties Bay: 18° | 22° Wind speed: 20km/h, Wind direction: SW, Low tide: 04:56, High tide: 11:31, Low Tide: 18:09, High tide: 00:38 Swakopmund: 18° | 19° Wind speed: 22km/h, Wind direction: SW, Low tide: 04:54, High tide: 11:29, Low Tide: 18:07, High tide: 00:36 Walvis Bay: 18° | 24° Wind speed: 25km/h, Wind direction: SW, Low tide: 04:54, High tide: 11:28, Low Tide: 18:07, High tide: 00:35 Rehoboth: 20° | 30° Mariental: 22° | 35° Keetmanshoop: 24° | 33° Aranos: 22° | 35° Lüderitz: 17° | 28° Ariamsvlei: 24° | 35° Oranjemund: 17° | 24° Luanda: 27° | 28° Gaborone: 20° | 36° Lubumbashi: 17° | 22° Mbabane: 18° | 29° Maseru: 16° | 27° Antananarivo: 17° | 28° Lilongwe: 18° | 27° Maputo: 23° | 34° Windhoek: 19° | 29° Cape Town: 19° | 26° Durban: 22° | 29° Johannesburg: 18° | 31° Dar es Salaam: 26° | 32° Lusaka: 16° | 27° Harare: 18° | 28° Economic Indicators: Currency: GBP to NAD 22.93 | EUR to NAD 19.15 | CNY to NAD 2.53 | USD to NAD 18.44 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.19 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 134.99 | USD to AOA 912 | USD to BWP 13.85 | USD to EGP 50.25 | USD to KES 129.19 | USD to NGN 1496.41 | USD to ZAR 18.45 | USD to ZMW 28 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 87191.25 Up +0.67% | Namibian Stock Exchange (NSX) Overall Index 1795.22 Up +2.25% | Casablanca Stock Exchange (CSE) MASI 16326.12 Up +0.67% | Egyptian Exchange (EGX) 30 Index 30011.84 Up +0.93% | Botswana Stock Exchange (BSE) DCI 10075.28 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 867.87/OZ UP +0.34% | Copper US$ 4.49/lb UP +1.17% | Zinc US$ 2 881.30/T UP 1.59% | Brent Crude Oil US$ 75.36/BBP UP +0.73% | Platinum US$ 1 022.72/OZ UP +1.13%


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