Harare Institute Of Technology Developing Zimbabwe’s Central Bank Digital Currency.
Oct 13, 2022 ·
1m 3s
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Description
The Harare Institute of Technology has announced that it is working on developing a central bank digital currency. The tertiary institution stated that it was developing the currency to reduce...
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The Harare Institute of Technology has announced that it is working on developing a central bank digital currency.
The tertiary institution stated that it was developing the currency to reduce printing and transactional costs, and eliminate currency manipulation, cash hoarding, and black market currency trading.
HIT vice-chancellor, Dr Quinton Kanhukamwe, did not touch on why but he stated that the project had so far covered great mileage.
show less
The tertiary institution stated that it was developing the currency to reduce printing and transactional costs, and eliminate currency manipulation, cash hoarding, and black market currency trading.
HIT vice-chancellor, Dr Quinton Kanhukamwe, did not touch on why but he stated that the project had so far covered great mileage.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
| Website | - |
| Tags |
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