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Nairaland Forum / Nairaland / General / Investment / What Does Zimbabwe New 100% Gold Currency Mean For The Future Of Africa (314 Views)
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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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