Why is Zimbabwe launching a new currency?

Why is Zimbabwe launching a new currency?

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Why is money worth so little in Zimbabwe?
Africa Daily

How many bills do you need to buy a loaf of bread? The dollar isn’t taking Zimbabweans as far as it used to: life is getting more and more expensive. The central bank has introduced a new bill worth 50 Zimbabwean dollars, the highest banknote going around. But this alone has brou ...  Afficher plus

Can gold coins really rescue Zimbabwe’s economy?
Africa Daily

Zimbabwe’s central bank introduced a policy last year to sell gold coins in a bid to stabilise the country’s economy and combat inflation. They were meant to be an alternative to dollars as a way of safeguarding people‘s wealth – even when the local currency was losing its value. ...  Afficher plus

Fool’s Gold
Debunking Economics - the podcast

There are two types of people who buy gold. Speculators who see it as a risk-adverse asset class to buy when other investments look a little shaky. There are also those who hold onto gold because they believe paper money has no intrinsic value and is therefore susceptible to coll ...  Afficher plus