EXCERPTS FROM MARKZ
MZ: I think this one will get us off “stuck”. Very interesting timing
MZ: “ This one just dropped. “Zimbabwe lifts exchange rate controls” in Iraq they have a fixed rate. But in Zimbabwe the rate floats and they let the market decide it and backed it with gold…but this had created a black market. By lifting the exchange rate controls…. doing this ends the black market . I’m pointing this out because it is exactly what Kuwait did when they revalued. And Iraq is talking about doing the same thing.
MZ: Tied to a basket of currencies and tied to assets and let the markets decide. To me this shows that Zimbabwe is preparing for a rest.
Member: They found a ton of lithium in the ground yesterday in Zimbawai !! I believe they finally feel good about their position with their money !??
