Romeo Full Staff

The Office of POOFness Weekly Report: Update from DJ 4-7-24


” The Office of Poofness “ This article will go from “Did You Know?” to “Do You Know?” On April 5th, 2024 Zimbabwe announced its new gold backed currency, the ZIG. It is actually backed by various minerals, primarily gold. Zimbabwe has introduced and abandoned at least five currencies since its independence in 1980. Zimbabwe’s gold production has gone from an all-time low of 3 tons in 2008 to a forecasted 40 tons in 2024. The Central Bank of Zimbabwe recently announced it has the equivalent of 2.5 tons of reserves. 1.1 tons in the vaults of the central bank,…

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