ZIMBABWE INTRODUCES GOLD-BACKED CURRENCY
Implications for the International Market Zimbabwe has embarked on a significant economic endeavor with the introduction of ZiG, its new currency backed by gold. This move, aimed at addressing the nation’s longstanding currency challenges, holds implications not just for Zimbabwe’s economy but also for the broader international market landscape. Let’s delve into the details and analyze the potential repercussions together with our…
BRICS TO CHALLENGE US DOLLAR WITH NEW CURRENCY
The BRICS nations, consisting of Brazil, Russia, India, China, and South Africa, are contemplating establishing a new reserve currency to compete with the US dollar. This new currency would be supported by a basket of their respective currencies, allowing them to assert their economic independence and challenge the existing international financial system, which is currently […]
THE IMPACT OF RISING CORPORATE PROFITS ON EUROPE’S INFLATION AND BRAZIL’S OPPORTUNITY FOR ECONOMIC REVITALIZATION
In a rapidly changing global economic landscape, the impact of rising corporate profits on Europe’s inflation has become a significant concern. This article explores how companies increasing prices have accounted for almost half of the inflation increase in Europe over the past two years. As workers push for pay rises to regain lost purchasing power, […]
