US High School Economics class: Zimbabwe launches ‘gold-backed’ currency to replace collapsing dollar
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Read our full range of US High School economics picks here.
Specification:
Money and banking, Monetary policy, Inflation
Click to read the article below and then answer the questions:
Zimbabwe launches ‘gold-backed’ currency to replace collapsing dollar
Including this most recent currency introduction, how many currencies has Zimbabwe had in the last decade?
Why is Zimbabwe backing this new currency with gold?
What is “mattress banking”? Why do Zimbabweans prefer it to traditional banking?
How does Zimbabwe’s experience of hyperinflation in 2008 impact decisions by government officials and citizens today?
Ariel Slonim at MRU Econinbox
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