Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Venturing Into the Surreal: Zimbabwe says dollar reserve role done, pushes for gold-backed currency

Comments

  • The user and all related content has been deleted.
  • edited May 2011
    you mean 'New drachma' coming soon right?;)
  • If the environment in the movie "Bread for Gold" is still present in the country, there really isn't even a currency, as the movie showed that the currency isn't even accepted and much of the population spends their days panning for tiny bits of gold (bills were used to sift through the little pieces of gold.) Given what has gone on in the country though, it's a rather bold - and as you said, very possibly political - statement that they made. Many people will likely write it off and nothing may become of it, but a surreal point in time has been reached when Zimbabwe feels the ability to be able to talk in that manner about the dollar and suggest a "reboot" with a gold-backed currency (and I had no idea they were sitting on THAT much gold, if that's true.)
Sign In or Register to comment.