Zimbabwe's tumultuous journey with fiat currency continues as it unveils yet another attempt at stability with the #ZIG currency, linked to gold. With inflation soaring and previous endeavors faltering, the move aims to offer a lifeline to citizens. Yet, skepticism looms as gold prices surge, raising questions about the valuation of this new 'shitcoin.' Amidst uncertainties, one can't help but ponder if #Bitcoin might offer a more reliable refuge in the face of governmental uncertainties. Only time will tell if this shift brings the stability Zimbabweans desperately seek.

https://www.moneyweb.co.za/news/economy/zimbabwe-replaces-battered-dollar-with-unit-linked-to-gold-fx/