The Reserve Bank of Zimbabwe (RBZ) issued on May 12 a statement about 135 bids totaling ZWD 14.07 billion (about $39 million) for gold-backed digital asset tokens.
The bank set the individual price at $10 and the corporate/organizational price at $5,000. The holders must keep the tokens for a minimum of 180 days and they can be stored in wallets or cards.
The RBZ also announced a second round of sales that will end on May 18.
John Mangoudia, head of the RBZ, said that the sale of the tokens was intended to preserve the economy and diversify investment opportunities while providing the public with the necessary tools.
The Zimbabwean authorities have pushed ahead with the sale despite warnings from the IMF of risks to macroeconomics and financial stability, as well as potential legal and operational issues.
