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What Does Zimbabwe New 100% Gold Currency Mean For The Future Of Africa - Investment - Nairaland

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What Does Zimbabwe New 100% Gold Currency Mean For The Future Of Africa by Horus(m): 5:57pm On Jul 30, 2022

https://www.youtube.com/watch?v=NTIp3MKF1G0

What Does Zimbabwe New 100% Gold Currency Mean for the Future of Africa

Zimbabwe back on the gold standard

The world over, central banks moved away from gold-backed currencies. All preferring the fiat currencies that they can print to
their hearts’ content. While Zimbabwe is not moving back to a gold-backed ZW$, the gold coins are actually better than that scenario.
With gold coins we don’t have to worry about whether or not there really is gold in a vault somewhere. We will be holding the
gold in our hands. So, with the commitment to a multicurrency regime and gold coins, there is something to love in the latest measures
taken by the government to fix the economy.

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