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From Zimbabwe To Washington: The Farce Of "Independent" Central Banks Authored by Nick Giambruno via InternationalMan.com, When Zimbabwe makes the news, it's rarely for good reasons. There's a good reason for that. The country has spent years in a state of perpetual crisis. Hyperinflation obliterated its currency and decimated the economy. Yet beneath the surface lies extraordinary wealth. Zimbabwe is rich in natural resources: gold, platinum, diamonds, and some of the most fertile farmland on Earth. That's what led me to organize a research trip there about 10 years ago alongside legendary investor Doug Casey. We also sat down with Gideon Gono, the former head of the central bank, who made everyone “trillionaires.” From left to right: Nick Giambruno, Doug Casey, Gideon Gono Gideon Gono was Zimbabwe's central bank chief during the infamous hyperinflation of 2008–2009. His signature appears on the now-iconic 100-trillion-dollar Zimbabwe note—the highest denomination of any...

The Reserve Bank of Zimbabwe held interest rates at 35% on Tuesday to prevent the fallout from the Iran war from spilling into inflation....

Zimbabweans should focus more on their gold-backed currency that's set to become the sole legal tender by 2030 and less on how to phase out dollar use, according to the central bank's deputy governor....

Zimbabwe's central bank has set targets it must achieve before the gold-backed ZiG becomes the nation's sole currency by the end of the decade....

Zimbabwean banks reported widespread disruption to a widely-used payment channel, after the central bank experienced a network problem that it is trying to fix....