Why should we believe anything coming from Zimbabwe? Erosion of trust is as bad as fiat currency, so it still sucks for Zimbabwe.
We’re in the Money! https://www.youtube.com/watch?v=Bm9hySTVKtY
“The new currency “shall be anchored in and backed or covered by a composite basket of foreign currency reserves and precious metals received [mainly gold] and valuable minerals”, according to a ruling Mnangagwa’s government issued on Friday to enforce the new money.”
So it is not just gold backing this currency, but also “valuable minerals”.
Zimbabwe supposedly has had various currency reforms in the last few years, which haven’t worked.
Gold painted tungsten from China.
Let me guess, much of that gold was pulled from the mouths of murdered Rhodesian white farmers, killed by the ‘settlers’ and ‘veterans’ who stole the land and killed the whites. Mugabe would be proud, but it is quite hot in hell.
Don’t tell Hillary. Muammar Gaddafi used to have lots of it.
“We came . We saw. He died. *cackle*”. H,Clinton
Sure they do.