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Question

Which country’s central bank  will launch a gold-pegged digital currency and legalize them in the country for stabilizing the local currency after its continuous devaluation in comparison to the U.S. dollar?

A Reserve Bank of Australia Correct Answer Incorrect Answer
B Reserve Bank of New Zealand Correct Answer Incorrect Answer
C South African Reserve Bank Correct Answer Incorrect Answer
D Reserve Bank of Zimbabwe Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

The Reserve Bank of Zimbabwe will launch a gold-pegged digital currency and legalize them in the country. It is believed that the government took this step for stabilizing the local currency after its continuous devaluation in comparison to the U.S. dollar. This initiative taken by Zimbabwe will allow the exchange of Zimbabwean dollars with digital gold tokens and secure Zimbabweans against currency volatility.

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