Zimbabwe, subjected to devastating hyperinflation and natural disaster, was forced to become the first country in the 21st century to adopt the gold standard in a desperate attempt to stabilize its economy. This decision, backed by dramatic inflation rates and the financial crisis, raises questions about the effectiveness of the move and the real stability of the new currency. Despite the idea of a gold standard, the scarcity of gold and currency resources underscores the difficulty Zimbabwe may face in maintaining this stability, especially in the context of long-standing political and economic problems. The challenge for the future will be not only to maintain confidence in the new currency, but also to change the political culture to ensure lasting discipline and stability of the authorities in managing the economy.
#StandardGold #Zimbabwe #CurrencyZiG
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13 апр 2024
