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Beyond Gold for Zimbabwe's Currency Stability
#1 · October 6, 2023, 8:33 PM
A very interesting playbook in Zimbabwe and John Mc Keown asks a question "Will the new ‘ZiG’ ‘gold backed’ digital currency alleviate Zimbabwe’s currency stability woes?" My answer: capital NO.
Read my points here.
And the summary: Africa and indeed Zimbabwe need to be productive; gold-backed, crude 0il-backed, uranium-backed, etc playbook will not save our currencies. Yes, you need to earn the US dollars until another currency takes over.
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