Zimbabwe Introduces Currency Backed by GOLD

From Infowars

The inflation-riddled African country turns to the intrinsic value of precious metal in attempt to curb currency devaluation. In a bid to curb inflation, Zimbabwe has rolled out a currency called Zimb Gold (ZiG) backed primarily with gold and foreign currency reserves. “With effect from today, banks shall convert the current Zimbabwe dollar balances to […]

Apr 12th 2024 3:51am EDT

Source Link: https://www.infowars.com/posts/zimbabwe-introduces-currency-backed-by-gold/

Internet Archive Link: https://web.archive.org/web/20240412125621/https://www.infowars.com/posts/zimbabwe-introduces-currency-backed-by-gold/

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 With a currency backed by gold, you still need to trust the government. Old story...