African nations suffered a lot under the British colony and then US and other EU nations tried their best to manipulate the nations for their benefit. For years they kind of remained broken as a leg of western civilization. But now they are getting strong and waking up to build the roots. They have kind of ditched the domination of British and EU nations over the years and building their own currency strength.
Zimbabwe's dollar was so much mocked many Hollywood movies mocked their value of the national currency in jokes. And then came crypto and Africa started to rebuilt. Now they are building their own CBDC and also the gold back currencies. They are now improving slowly such that they would be getting some strength to stand if not compete.
A lot of questions though. You are still making currency based on gold but the gold is trading in international market with the USD. So we are back in circle. Another thing your govt has to accept more crypto so that they can have an edge in international market. And that is now on the shoulders of the youth and business they are the one would be bringing more crypto home.
In short Zig currency is good and all. But they need to get more of their crypto traded for EU and GBP this way they would have enough reserves to compete in the international market. A lot of local corruption has to reduce for this strategy to work. Crypto and the ETF are going to make the west struggle too but it's a chance for the Africa, Asia to rise and get in the international market to reclaim their fallen currency.
All the best to the Zig currency and how they grow from here barring all corruption and the western controlled proxies in the nation would be something worth watching for the next decade.
