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*FULL LIST: Top 20 Junk Currencies - US Economist* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?al Renowned economist, Steve Hanke has listed the Zimbabwe dollar among the “top 20 junk currencies” that need to be dumped to prevent a total collapse of economies. On top of his list is Venezuela whose currency has since 2019 depreciated by 70.64 percent followed by Zimbabwe whose dollar has depreciated by 54.78 percent. ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- The list is as follows: Venezuela Zimbabwe Lebanon Syria Sudan Brazil South Africa Zambia Iran Mexico Nigeria Seychelles Colombia Russia Uruguay Turkey Belarus Ghana Argentina Turkmenistan Posting on Twitter, Hanke said: > The top 20 junk #Currencies are displayed. Their loss of #PurchasingPower is a heart-wrenching sight. It’s like watching a child bleed to death and being unable to stop it. Time to dump junk & clone a solid anchor, like #Gold Zimbabwe reintroduced its dollar in June 2019 at the same time suspending the multicurrency system that had been in place for a decade. The multicurrency system was adopted following a record 231 million percent hyper inflation of 2008. Since its reintroduction, the Zimbabwe dollar has rapidly shed value against other currencies, particularly the United States dollar. This has had an adverse impact on the country’s economy and living standards resulting in a worsened socio-economic crisis. More: Prof Steve Hanke _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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