This will allow those holding small amounts of Zimbabwe dollars to exchange their money for digital tokens to store value and hedge against currency volatility, the report said.

The tokens will help ensure that those with low amounts of currency can buy the gold units "so that we leave no one and no place behind," Mangudya told the Sunday Mail.

Last year, the southern African country also introduced gold coins in bid to mop up excess liquidity and stabilize the local unit. Officially, the local currency trades at Z$1,000.4 against the dollar but readily changes hands at Z$1,750 on the streets of the capital.