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  • 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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