TIDBITS FROM SANDY INGRAM , 13 NOV
TIDBITS FROM SANDY INGRAM , 13 NOV
Sandy Ingram
Zimbabwe's new currency is set to trade on the Forex market.
[Why do] We discuss why we watch the ZIG currency so closely...when most of are IQD investors [?]
...We watch the Zimbabwe's currency because, like Iraq...Zimbabwe had a currency where it took $1.47 to make one Zimbabwe dollar. (Iraq's currency was over 3 IQD to $1.00 before 2023).
Like Iraq the country ran into hardship and was devalued and spiraled downward.
We watch Zimbabwe and other developing countries currency for ideas on how Iraq may handle its currency revalue, float, reinstatement or central bank digital currency...
Zimbabwe has lots of gold and Iraq has lots of oil...Zimbabwe plans for its gold-backed currency to trade on the Forex market. However they did not tell us when this event will happen...
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