Amidst the ongoing cash shortage in Zimbabwe, the country explores cryptocurrencies to find a solution to cope with the crises. The newly appointed Finance Minister of Zimbabwe, Mthuli Ncube plans to push the country’s Central Bank to establish a ‘cryptocurrency unit’ to avail understanding and better opportunities to invest.
Zimbabwe is currently facing a major liquidity crunch and cash shortages, largely due to depleting Nostro accounts as exports decline, and the over-issuance of Treasury Bills (TBs) to finance government spending. Inadvertently, banks are forced to impose stringent withdrawal limits, making it difficult to
