Blogs — Zimbabwe

Gold is one of the two ways to preserve wealth across generations, and an asset that holds it value in times of uncertainty and unrest.  Gold prices have crossed yet another high in January 2025, crossing Rs 83,000/10 grams, up nearly 30% over the past year. If not for the 9% cut in customs duty in July 2024, the price would have been past Rs 90,000. Gold has long been favored by Indians to preserve wealth across generations – as per the World Gold Council estimates, Indian households hold an estimated 24,000 tons of gold – at the current market...

  The Iranian Riyal remains the world’s most worthless currency – with a black market rate of 112,000 to the US Dollar. The Riyal has held this spot for several years running now. The Vietnamese Dong comes in at number 23,800 to the greenback – so a 100,000 Dong note will be worth about 4 dollars, or just under 300 rupees. The Dong has risen to the second position after Venezuela abandoned its old currency (yet again) and went for a new one. Indonesia brings up the third spot – 14,000 Rupiah to the dollar, or 200 of them to...