I don't think the people trust the claim that the central bank will back the currency with gold. I don't believe there is a method to convert the paper to actual metal.
Lol Gold up to all time highes, yet you devaluing by 40% make it make sense, just a reminder that when people say oh we'll back our fiat with bitcoin its just cope, don't let that story fool you
Gold backed but debased against USD! It tells about the whole crap.
They dont gave the gold to back it?
I don't think the people trust the claim that the central bank will back the currency with gold. I don't believe there is a method to convert the paper to actual metal.
I dont think l would trust their banks either.
Reason #638 to hold bitcoin
Maybe one day people will learn not to trust Zimbabwean currencies?
Though my 100T Zim dollar bill has 5x'd in value against the USD since I got it, so maybe I'm wrong..
This is so tragic.
Lol Gold up to all time highes, yet you devaluing by 40% make it make sense, just a reminder that when people say oh we'll back our fiat with bitcoin its just cope, don't let that story fool you
Trying to fix fiat monetary problem with fiat monetary policy? It can't be fixed, It must be replaced.
Good attempt to rescue their failing currency but how is it possible to work when the rest of the world can print money at will?