by Mike Maharrey, Gold Seek:
Could arguably the world’s worst currency become its best?
If Zimbabwe follows through and embraces a plan to back the Zimbabwe dollar with gold, it just might.
Last week, Zimbabwe President Emmerson Mnangagwa said officials were exploring ways to introduce a “structured currency,” but he didn’t explain what that meant. On Monday (Feb. 12), Finance Minister Mthuli Ncube shed some light on the plan, saying the goal was to “manage the growth of liquidity which has a high correlation to money supply growth and inflation.”