Ever since the Zimbabwe government announced a new currency on 5th April 2024, they have never ceased bragging over the stability it has seemingly brought into the economy. As a matter of fact, in the past two months, the ZiG (Zimbabwe Gold) has remained largely unmoved on the official fore...
Under any currency regime, Zimbabwe needs to adhere to sound macroeconomic policies, avoid overspending on public wages, and create environment conducive for investment.doi:10.2139/ssrn.2507938Zuzana BrixiovaMthuli NcubeInstitute of Labor Economics (IZA)IZA Discussion Papers...
Currency supply refers to the amount of money in the economy. An increase in the currency supply leads to a decrease in interest rates, which motivates individual and organizational spending. Central banks can increase or decrease the money supply in order to achieve desire...
Gold of course can also be considered a fiat currency as well, its just a shiny metal with few intrinsic uses. Just like paper currency, people accept gold as valuable because other people accept it as valuable. The only benefit versus paper currency is that it is harder to make gold, so...
New Delhi, Dec 31 (IANSlife) Bangalore, Delhi and Mumbai order groceries equaling the population of South Korea, to a single user spending over 16.6 lakhs on groceries, Swiggy Instamart reveals the grocery trends of 2022: What did the groceries say to each other when they found out Milk ...
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LAGOS, Dec 17 (Reuters) - Money transfer firm Transferwise said on Thursday it will no longer send remittances to Nigeria after new rules inthe West African country changed the currency of payment to the U.S. dollar from naira. Is TransferWise banned in Nigeria?
comes at a huge political cost of patronage loss and cronyism, and may actually result in loss of political power. Although gestures of reforms in this regard have been tabled and in some instances are being expedited, the gap remains wide, given the gravity of economic mess Zimbabwe is in...
The lessons from Zimbabwe, Venezuela and not least Germany (1923), are still fresh and raw in the memory of most economists. The death of money or hyperinflation is the most devastating economic phenomenon there is. Production ceases completely and an ever increasing bulk of money chases after ...
Bitcoin provides an opportunity for people to store value without relying on a currency that is backed by a government. It gives people an option to hedge for a worst-case scenario. You’re already seeing people in countries like Venezuela, Argentina and Zimbabwe (countries heavily in debt) wh...