RBZ introduces new mode of payment for domestic transactions, Zig

The Reserve Bank of Zimbabwe (RBZ) has announced introduction of the Zimbabwe Gold-Backed Digital Token (Zig) as a means of payment.

In a statement, RBZ governor John Manguya said the introduction is in line with the recent Monetary Policy Committee meeting resolutions.

He said with effect from the 5th of October, 2023, Zig will become means of payment for domestic transactions.

Zwnews