February 10, 2025 – Harare, Zimbabwe – The Republic of Zimbabwe has unveiled $RZ (Republic of Zimbabwe Meme), a state-endorsed decentralized cryptocurrency designed to empower citizens and position the nation as a leader in digital financial innovation. Slated for a fair launch on February 11, 2025, via the pump.fun platform, the initiative marks Zimbabwe’s first government-backed entry into the global cryptocurrency arena.

Key Objectives

  • Financial Independence: Facilitate access to decentralized financial tools for Zimbabwe’s 16 million citizens.
  • Global Integration: Position $RZ as a bridge between Zimbabwean markets and international crypto ecosystems.
  • Transparent Launch: Fair distribution model with no pre-mined tokens, ensuring equitable public access.

Presidential Endorsement

President Emmerson Mnangagwa emphasized the strategic vision:
“Cryptocurrencies like $RZ represent Zimbabwe’s pathway to reclaiming our economic destiny. This initiative isn’t just about technology—it’s about securing our place in the global financial frontier.”

The president further urged international collaboration: “We invite foreign partners and investors to join us in this historic endeavor. Together, we can reshape Africa’s digital economy.”

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Technical Framework

  • Launch Platform: pump.fun (Solana blockchain)
  • Supply: Capped at 1 billion tokens
  • Governance: Community-driven roadmap with quarterly transparency reports

Implementation Strategy

  1. Phase 1 (Q2 2025): Integrate $RZ payments for agricultural exports, starting with tobacco and lithium.
  2. Phase 2 (2026): Partner with mobile networks (Econet, NetOne) for token-based airtime purchases.
  3. Long-Term: Develop a hybrid CBDC-meme coin system with the Reserve Bank of Zimbabwe.

Global Outreach

  • Diplomatic Push: Embassies worldwide to host $RZ educational workshops.
  • Exchange Listings: Negotiations underway with Binance and Yellow Card for African liquidity.

About the Republic of Zimbabwe

Zimbabwe has emerged as a regional innovator in monetary policy, having pioneered gold-backed digital tokens in 2023. The $RZ project aligns with its National Development Strategy 1 (2021-2025), which prioritizes technological modernization.

MEDIA CONTACT
Hon. George Guvamatanga
Minister of Finance and Economic Development
+263 242 123 456 | media@finance.gov.zw

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