2023
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which country plans to introduce a gold-backed digital currency?
|
|
Oman
|
|
|
Kenya
|
|
|
Nigeria
|
|
|
Zimbabwe
|
Explanation:
Detailed explanation-1: -2018: Zimbabwe again reintroduces the Zimbabwe dollar, also known as the real time gross settlement (RTGS) dollar. 2019: The US dollar is outlawed in local transactions. 2022: Zimbabwe launches gold coins to stabilise faltering currency. 2023: Zimbabwe introduces gold-backed digital currency.
Detailed explanation-2: -The Reserve Bank eventually issued their own Bearer cheques on 26 September 2003, with denominations ranging from $5000 to $20000.
There is 1 question to complete.