“Actual Changes” – Seeds of Wisdom RV/GCR Update(s) from Goldilocks 6-10-23

Goldilocks and Seeds of Wisdom Goldilocks continues today with lots of news and comments to help with understanding what is happening this month: Zimbabwe has just moved into a trade liberalization policy. This reduces barriers to trade among countries such as tariffs and quotas. Reducing barriers to trade lowers the cost of goods sold in importing countries. Zimbabwe has just enacted a monetary policy that gives them more purchasing power. It increases the demand for their currency, and this demand will increase its value. Wholesale foreign exchange auction allots US$11,2mln to banks Zimbabwe has also devalued it’s current currency exchange rate. …