Odaily Planet Daily News The Central Bank of Zimbabwe is said to have started a "trial run" to test the feasibility of issuing a gold-backed digital currency that will be used as a means of payment. The digital currency, which will be accepted as legal tender for peer-to-peer transactions, is part of a series of measures by the Reserve Bank of Zimbabwe (RBZ) aimed at stabilizing the local currency.

RBZ Director of Economic Research Nelson Mupunga reportedly stated that the digital currency will serve as an alternative to the U.S. dollar and other foreign currencies. "We're in the late stages; we're in beta now. Soon, we'll allow gold digital tokens to be used for trading purposes, just like someone buying foreign currency from a parallel market. But at the same time, we can trade with it. So , the token is coming and will serve the same function.” (Bitcoin.com)
In June, the Reserve Bank of Zimbabwe said it was “finalizing” the establishment of a peer-to-peer (P2P) platform to facilitate the trading of digital tokens backed by gold, as previously reported.
The central bank of Zimbabwe said the platform is expected to help reduce local demand for dollars, and it has so far sold about 313.9 kilograms of gold-backed digital tokens. Governor John Mangudya said that this P2P platform is currently undergoing testing, "The second phase of the digital gold token launch will start this month (June), which will make it possible for gold-backed digital currencies to be traded. Test the system before rolling it out."