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Report: Zimbabwe Tertiary Learning Institution Developing Central Bank Digital Currency – Bitcoin News

Summary by Ground News
Harare Institute of Technology is reportedly developing a central bank digital currency. Quinton Kanhukamwe, the institution's vice chancellor, said the digital currency is expected to help eliminate vices such as currency manipulation and unsanctioned foreign exchange deals. Using a CBDC will help the central bank reduce the cost of printing money, he added.
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Techcratic broke the news in on Wednesday, October 12, 2022.
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