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 of Zimbabwe
