Zimbabwe’s roll-out of gold coins is a smashing success as cratering dollar will lead other nations, U.S. states, to do the same thing ~ August 18, 2022

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Zimbabwe’s roll-out of gold coins is a smashing success as cratering dollar will lead other nations, U.S. states, to do the same thing

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(Natural News) The Western globalists’ plans to crater their economies so they can finally exert full authoritarian control over their populations has been proceeding at a steady pace, but the African nation of Zimbabwe may have just provided some countries and even some U.S. states with an exit ramp.

According to reports, Zimbabwe began issuing one-ounce gold coins last month as a means of combatting rampant currency deflation, and it was so successful that the country is planning to begin issuing smaller denominations this fall.

“Following the successful launch of the gold coins on 25 July 2022 and in response to public demand, the bank shall introduce and release into the market gold coins in units of a tenth ounce, quarter ounce and half an ounce for sale with effect from mid-November 2022,” Reserve Bank of Zimbabwe governor John Mangudya said this week.

According to Zero Hedge, the coins are being sold through approved banks and were introduced by the government as a means of combatting runaway inflation that is being fed by local citizens exchanging Zimbabwean currency for U.S. dollars. Last month, the country’s inflation rate was in excess of 250 percent.

The Zimbabwe central bank announced that the coins have “liquid asset status,” which means they are “capable of being easily converted to cash and [are] tradable locally and internationally…[and] may also be used for transactional purposes.”

But the one-ounce coins, at current prices for the commodity, are worth around $1,800, which means for most Zimbabwe citizens they are unaffordable, given the average worker and civil servant there only earns around $2,600 annually, the BBC reports.

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