Unless Zimbabwe is going to have an open exchange window where their currency can be openly traded in for gold bullion, then it isn’t going to be a gold backed currency.
Darn right. Zimbabwe has expressed an interest in joining BRICS.
BRICS is committed to a common currency.(to kill the US Dollar as the reserve currency.)
That would take care of Zimbabwe’s currency need.
These have already applied for BRICS
Algeria
Bahrain
Bangladesh
Belarus
Bolivia
Cuba
Kazakhstan
Kuwait
Pakistan
Palestine
Senegal
Thailand
Venezuela
Vietnam1
Nigeria
These have expressed interest
Afghanistan
Angola
Cameroon
Comoros
DR Congo
Gabon
Guinea-Bissau
Guyana
Jamaica
Libya
Mexico
Myanmar
Nicaragua
South Sudan
Sudan
Suriname
Syria
Tajikistan
Tunisia
Turkey
Somalia
Uganda
Zimbabwe
check this out...better description...