Bulawayo24 - Digital Pound Foundation

Zimbabwe explores central bank digital currency (CBDC)

Original Source: Bulawayo24 The Reserve Bank of Zimbabwe (RBZ) says it is moving ahead with plans to create Zimbabwe’s own Central Bank Digital Currency (CBDC) on a phased approach. RBZ Governor Dr John Mangudya said the bank’s intention to explore the CBDC was pursuant to the Cabinet decision of November 2021 and “taking into account […]

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Whilst most CBDC experiments have involved private sector technology providers, the overwhelming majority of these experiments, to date, have not involved participation from other private sector actors. The Digital Pound Foundation is unique in proposing a model whereby the public and private sectors can fully engage in the design, development and adoption of a digital Pound, thus contributing to its successful roll-out and helping drive forward the UK’s transition to a digital economy.

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