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RBZ: 135 Applications Received For Gold-backed Digital Tokens

1 year agoFri, 12 May 2023 15:10:47 GMT
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RBZ: 135 Applications Received For Gold-backed Digital Tokens

The Reserve Bank of Zimbabwe (RBZ) has announced the outcome of the RBZ Gold-backed Digital Tokens issue No. 1/2023, held on May 12, 2023. The Bank received 135 applications worth ZW$14,077,337,421 to purchase gold-backed digital tokens.

In a notice seen by Pindula News, the central bank reported that the full amount was allotted. The details of the results are as follows:

Zimbabwe dollar bids:

  • Number of Bids Received: 132
  • Value of Bids Received: 14,077,337,421
  • Amount Allotted: 14,077,337,421
  • Price per Milligram of Gold: 100.87 
  • Milligrams of Gold Purchased: 139,559,209

United States dollar bids:

  • Number of Bids Received: 3
  • Value of Bids Received: 810
  • Amount Allotted: 810
  • Price per Milligram of Gold: 0.0688
  • Milligrams of Gold Purchased: 11 773

Total milligrams of gold purchased: 139,570,982 (139.57 kg of gold)

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RBZ GOLD-BACKED DIGITAL TOKENS ISSUE NO. 2/2023:

The Reserve also announced that Applications for the second issue of the RBZ gold-backed digital tokens must be submitted through banks during the week for settlement and issuance on Thursday, May 18, 2023.

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4 Comments

Itai · 1 year ago
muriko here uko mapositori4ED, pastors4ed,teachers4ed,mahwindi4ed, ma****4ed etc makatenga here gold coins.Kana musina saka muri kiita economic sabotage hamuana chinhu program ndeyaana Henrietta,Angel etc
ini newe tine basa · 1 year ago
These so called economic measures cannot work in an economy where 90% of the population is failing to get decent meal on the table and struggle to get fees for own children.How about those in the remotest of the remote ie bhingo,chiendambuya,gokwe etc are they able to afford this so these measures are intended for the looters if the govt segregates it's Nationals then it's heading for disaster.So we need a vote for that person who has been left in the main stream of the economy pakaipa
chakabhena · 1 year ago
zinhu zvemahumbwe is zvinotibatsire ku stabliser our rtgs let alone reducing prices gold yacho toidii without disposable income mu civil servant akatenga anange aba
Okongo The Villager · 1 year ago
This is not meant for the ordinary citizens who are supposed to be the benefactors of this but alas this plan won't work again ,try all the tricks JPM and even do GG stunts but you will hit a brick wall all the same till you land back to reality

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