ZIM sovereign rates are increasing not just daily, but apparently hourly relative to the US dollar.
The ZIM is a bond which represents the value of assets/minerals in the ground of the nation of Zimbabwe.
How then does the ZIM value relative to the US dollar increase so much in so little time?
Apparently the US Money supply (ie volume of US dollars) is growing relative to the ZIM Money supply (ie. volume of ZIM dollars and the value of the in the ground assets of Zimbabwe they represent).
So ... the US Dollar is inflating AND/OR the ZIM supply is being reduced (ie deflating) AND/OR the value of the assets in the ground that back the US Dollar and/or the ZIM are being re-calculated/re-estimated based on new discoveries of diamonds/minerals/etc...
Any ideas on why the ZIM sovereign rate is increasing so rapidly?