05.04.2016 - Zimbabwe: Introduce gold-backed currency, says U.S. investor
American investors have advised Zimbabwe to take advantage of its mineral resources and introduce a gold-backed currency, which could help attract international capital. On 1 April, an investment consultant from the US advised monetary authorities in Harare to consider the gold reserve bank and gold currency path. The gold bank and currency could be linked to a gold debit card and finance it through economic citizenship. Chairman of Casey Research, Doug Casey said the gold reserve bank could become an international gold bank attracting deposits worldwide. The bank, he said, would then convert the amounts deposited into gold using prevailing market rates...............................................Full Article: Source
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