https://bbc.com/news/world-africa-68736155
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johannesalthusius
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#259275
Zimbabwe launches new gold-backed currency - ZiG
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Thirtythirst4sissies
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Is this a dynamically changing exchange rate? If so, what's the point of doing this?
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The point of the gold backing is to get people to trust your new currency after so many had failed.
Once people trust it and it floats at a steady market rate, it'll probably start getting inflated.
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