What, no Dogecoin?

Lots of currency shenanigans and heated rhetoric this week, but nothing stranger than this news from Zimbabwe that, “it has added the currencies of China, India, Japan and Australia as legal tender, alongside the United States dollar, South African Rand, Botswana Pula, British Pound and the Euro.”

Note that they are not saying they are pegging their currency to a basket of these currencies and widening the basket. No, they are saying all of these currencies individually are legal tender in Zimbabwe now.

If anybody ever actually still did any business in Zimbabwe, this would be a big problem.