Friday, May 20, 2011

Zimbabwe May Back Their Currency with Gold

Anyone who has read this blog on a regular basis knows that Zimbabwe and its financial situation has been covered extensively. The article on Zimbabwe in Pictures received a substantial number of views. And of course the articles on the Zimbabwe 100 trillion dollar bill has generated significant interest. Also the inflation rate of over a trillion percent.

Now even more news, the government of Zimbabwe is now considering backing the country's currency with gold, saying that the "days of the US dollar as the world's reserve currency are numbered.". I'm not sure what will happen to the Zimbabwe 100 trillion dollar bills that are held by collectors.

No comments: