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  1964-1979 - Stronger than the Pound: Rhodesian pound pegged to sterling, when sterling devalued US$2.8 to US$2.4 in 1967 Rhodesia switched peg to £1 Rhodesian = US$2.8 retaining stronger valuation. 17 February 1970: £1 Rhodesian = $2 Rhodesian so $1 Rhodesian = US$1.40. The dollar proved to be a strong currency at parity with the pound sterling right up to the very end of Rhodesia in 1980 when it was replaced by the Zimbabwean dollar at par. Eyewitness corroboration: rate 2.5 to 1 Rhodesian Pound against British Pound in 1957, and at independence local dollar worth 2 to 1 against US dollar with real purchasing power. Why: balanced budgets, no monetisation, tobacco/gold/chrome/beef earning US$, limited money supply growth 5-7% in line with GDP, exchange controls preventing flight. Savings retained value. Panel B 1980-2023 - Devastation: 1980: Z$1 = US$1.50 strongest in Africa. Triggers: 1997 war veterans Z$4.2bn unbudgeted, 1998-2002 DRC war US$1m per day, 2000 land invasions remo...
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                                                                                                                                                             https://aimusicgen.ai/share/d9f90f95-7103-4265-9f00-efd55d332645  The Arena of the Brave - a dedication to all veterans. mw The Loneliest Peak (Verse 1) Patrick Fletcher watched them climb the ancient Ndebele stone, Where the kings of old had left their mark, and the mountain stood alone. The midday sun was burning fierce on the granite, slick and wide, As the royal house of England made their way up the hillside. The Queen Mother’s heels...
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