The Central Bank of Zimbabwe is studying the possibility of using a national digital currency (CBDC). The regulator’s chair, John Mangudya, said.
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\”As a central bank, we do not believe in cryptocurrencies. We believe in central bank digital currency,\” he emphasised.
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According to Mangudya, a separate fintech group is working on the initiative.
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Zimbabwe plans to send a special team to Nigeria to study the country’s experience, having launched the first CBDC in Africa in late October 2021.
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Earlier, the Central Bank of Tanzania began preparations for the issuance of a national digital currency.
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Regulators in Guatemala and Honduras have also begun considering the question of CBDC integration.
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Earlier in November, Bank Indonesia named CBDC as one of the tools in the fight against cryptocurrencies in the country.
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