Zimbabwe Leads the Exodus from the US Dollar to Gold-Backed Currencies

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Article Summary

In a significant development that could potentially mark a shift in global power dynamics, Zimbabwe has taken a bold step by moving away from fiat currency. Presenting the ZiG (Zimbabwe Gold), a new currency backed by gold reserves, Zimbabwe becomes the forerunner of a trend among nations seeking to break free not only from the pitfalls of the fiat system, but, most importantly, from the hegemony of the US dollar.

As more nations consider the benefits of a gold-backed monetary system, the ZiG could mark the first ripple on a global wave that may ultimately trigger the dollar’s downfall.

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