Friday, May 31, 2024

Zimbabwe is Now Experiencing Deflation with ZiG, 31 MAY

Zimbabwe is Now Experiencing Deflation with ZiG

Gold Telegraph 
@GoldTelegraph

After years of devastating inflation, Zimbabwe is now experiencing deflation with the introduction of its gold-backed currency. Hilarious. It has gained 1.9% against the dollar since it was launched. Gold is like a magic remedy for a broken economy.

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GOLD TELEGRAPH

The IMF is now publicly supportive of a gold-backed currency. Many did not have this on their bingo card. The foundation is changing.

https://dinarevaluation.blogspot.com/2024/05/imf-endorses-zimbabwes-gold-backed.html

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