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‘We are definitely almost there,’ Zimbabwe’s central bank governor on CBDC
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Zimbabwe’s central bank Governor John Mangudya said in a recent interview, that the country is looking at a digital currency backed by the regulator at the moment, rather than cryptos like Bitcoin. Mangudya said,
“Very simple, as a central bank, we don’t believe in cryptocurrencies.”
This is a position that Zimbabwe has maintained for quite some time. Previously, when the world was speculating if the African nation would go the El Salvador route, the government had made it clear that “it is not considering introducing another currency in the economy.”
And like many other regulators globally, volatility and lack of central bank regulations over cryptos have been seen as red flags by the Zimbabwean central bank. Furthermore, it looks like the
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