Despite IMF Rebuke, Zimbabwe Sells $14 Million Gold-Backed Digital Tokens \ stacker news ~bitcoin

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Despite IMF Rebuke, Zimbabwe Sells $14 Million Gold-Backed Digital Tokens www.zerohedge.com/crypto/despite-imf-rebuke-zimbabwe-sells-14-million-gold-backed-digital-tokens-first-issue

36 sats \ 1 comment \ @siggy47 14 May 2023 bitcoin

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5 sats \ 0 replies \ @siggy47 OP 14 May 2023

I'm not a big fan of gold backed digital currencies, but I really love how moves like these expose the growing impotence of the IMF. I can't disagree with this sentiment:

The Washington-based lender urged authorities in the southern African nation to rather use conventional measures to address economic challenges (i.e. borrow from us and bend the knee 'economic hitman'-style).