0 sats \ 2 replies \ @cointastical 7 Apr \ on: Zimbabwe Launches Its Gold Backed Currency The Zig econ
This title of this post is incorrect.
The ZiG is backed by a basket consisting of foreign currencies and precious metals, one of which is gold.
About the only good this might bring is further discussion about alternatives to pure fiat.
Lol yeah how do you fit the bank also has almost 1.5 tonnes more abroad, as well as $100m in cash and precious minerals – such as diamonds, that if converted into gold would account for another 0.4 tonnes into the title?
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Would adding another 10 characters to the title help?
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