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The Gold Standard: Can it Reduce Inflation in Zimbabwe?


The Gold Standard: Can it reduce inflation in Zimbabwe? 07 JUL, 2021 Abigail Vimbai Kaplin The past can interpret the future . . . let’s take history to solve current problems. Can the Gold Standard solve today’s problems? Yes. Understanding the Gold Standard means dating back to the history. Gold Standard is a monetary system in which a standard unit of currency is a fixed quantity of gold or is kept at the value of a quantity of gold. The Gold Standard was first put into operation in the UK in 1821. It was at the same time silver had…

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