RBZ Announces New Exchange Rates and Gold Token Prices

The Reserve Bank of Zimbabwe (RBZ) has announced the latest interbank foreign currency exchange rates and the prices for gold coins and digital gold-backed tokens. These tokens, known as ZiGs, represent the digital form of physical gold held by the RBZ and are valued daily on the RBZ website. Available for purchase by institutions and individuals using either local or foreign currency, these tokens are divisible to the smallest unit of gold measurement, a milligram. This allows for precise valuation in various currencies. The digital gold tokens offer holders the potential to gain value if global gold prices rise, providing a reliable hedge against inflation.