Hello Yosef - Can you clarify your comment below, per my question?
YOSEF COMMENT
"However, in terms of the ZIM specifically, we understand the audited value of the continent of Africa, including Zimbabwe whose currency will be used as the regional reserve currency for the entire African content and eventually placed in the IMF's Basket of Currencies determining the global reserve currency value… is $125,000.00 USD per $1.00 ZIM."
MY QUESTION
I ran the numbers and based on a rate of $1 ZIM being worth $125,000 USD, we get the following values.
$1 Million ZIM DOLLARS = $125 Billion USD
$10 Million ZIM DOLLARS = $1.25 Trillion USD
My question is......these numbers eerily look like the UNITED STATES DOLLAR could switch places with the ZIM DOLLAR as being the most devalued currency in the world while the ZIM becomes the most valued currency.
Per, 2 years or 10 years down the road, do we have any assurances that the US Dollar is going to remain 1-1 in value compared to the Zim and other currencies, or is this our possible fate and the reason it is trading at such a high level against the Zim?
If there is going to be a huge disparity, a 100 T Zim note will still be worth over $100 Million but it will not be what we thought it was or be able to fulfill the Projects we had intended.
Thought now was the time to ask.....lol
