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Beyond Gold for Zimbabwe's Currency Stability

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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