Zimbabwe’s Gold-Backed Digital Token Isn’t Enough to Stabilize Local Currency, Economists Say

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Zimbabwe’s Gold-Backed Digital Token Isn’t Enough to Stabilize Local Currency, Economists Say

The reason experts are skeptical of the gold-backed digital token’s prowess is because it may not be enough to stop money supply growth, which is the real problem at hand. A digital token, without strong macroeconomic policies in place, cannot reduce the amount of money circulating in the economy, Chitambara said. www.coindesk.com

The reason experts are skeptical of the gold-backed digital token’s prowess is because it may not be enough to stop money supply growth, which is the real problem at hand. A digital token, without strong macroeconomic policies in place, cannot reduce the amount of money circulating in the economy, Chitambara said.

www.coindesk.com