ZIMBABWE INTRODUCES GOLD-BACKED CURRENCY

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

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 […]

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