27 Dec '16, 10am

Zimbabweans Have No Choice But to Accept New Currency but Bitcoin is Best

Zimbabweans Have No Choice But to Accept New Currency but Bitcoin is Best

To experience an inflationary rate of up to 500 bln percent is insuperable to creating wealth and better living standards. Robert Mugabe and his cronies thought they could defy basic economic principles and still have their way. Their actions have created untold hardships for many of their compatriots. It is a pity that a food basket like Zimbabwe has to experience famine. Just last month the government introduced a new “bond note” currency pegged to the US Dollar. Ridiculously, it was the same government that printed money consisting of up to a 100 trillion Zimbabwe dollar note , which couldn't even buy a loaf of bread. Cointelegraph had a chat about the new bond note currency with Prince Fortune Sibanda, a Zimbabwean information technology consultant, and Bitcoin enthusiast. Cointelegraph: What is your general impression about Zimbabwe's bond notes allegedly pegged to th...

Full article: https://cointelegraph.com/news/zimbabweans-have-no-choice...

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