Zimbabwe unveils a new currency
Zimbabwe unveils a new currency
Zimbabwean monetary authorities have introduced a new currency replace the country’s local bond note currency which is going to be phased out in the next 21 days.
The new currency is part of a raft of measures announced by the incoming central bank governor John Mushayavanu in his inaugural monetary policy statement in the capital…
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Let's hope it's for ever not for temporary
Zimbabwe had and it can still make it
Why not dollarize?
Lets hope this will work 😅
Keep going guys
Why is the gold held off shore. Crazy
I pray for Zimbabwe
Zimbabwe's mining sector is highly diversified, with close to 40 different minerals. The predominant minerals include platinum group metals (PGM), chrome, gold, coal, lithium, and diamonds. Why do folks think Europe and America were trying to stop them from having their own currency! Europe and America have nothing backing their currency and their wealth depends on minerals from Africa.
Zimbabwe has the largest gold mine ever discovered so will see
So ultimately just like we buying crude oil for Dollars. The world will have to come buy with Gold and that doesnt go down well for the west
❤😂🎉
Why call it Zig though? That's silly. Zim uses the ZWD, and what's this? Is it supposed to be additional currency?
This new governor is lying already. The president went to the reserve bank 1 day before this press conference and found only 1.1 tonnes of gold in the vault 😂😂… Where did he get the 2.5 tonne figure?
I saw a picture of paper where is the gold that backs it
Matsotsi,matanga kudhuura vanhu futi ne printed bond paper
Gold pegged to a currency will be profitable in the long run because Gold will always appreciate on Higher Time Frame. Congratulations to Zimbabweans.
laughing stock county
Where's the Gold? 😂
Global Trends such as de-dolarization, downstream industrialization, tech independency, etc… must be kept rolling…
such that, not so easily bullied by those hegemonic nations…
That’s a fantastic Move backing our currency with Gold that’s what Gaddafi was killed for
What these racist idiots don't understand is that a county's currency is reliant on economic and political stability and functioning. They have destroyed property rights and their economy through their own racist lies and ideologies….
The new Zimbabwean currency: the Zamboonia! We’ve been huving it!!!😂😂😂😂
Wonderful
🙏🏼🙏🏼🙏🏼❤️
Thank you Zimbabwe Gorvernment all our neighbours are jealous,
Beautiful.
100usd to zig 1139. 100usd to Zar is 1890 Mari yedu ikupisa
This is diverting the attentions from the real cause, which is corruption and government`s generalized bad financial management. Zimbabwe is suffering from a disease that got the majority of african governments – economic inefficiency, spendism, luxury for popliticians, generalized corruptions, lack of long term approach, etc. So, we all know where this is going to end – the sewage!
Its a back door currency, and its already gained value more than Rand 😂😂 they're not serious
Production and exporting and growing the economy. This is going nowhere. It 4:02 the currency, but production and high economic growth and activities. You can change the names 100 times, but if counting what is underground and can't it to the buyers, you're wasting your time.
I believe this message is meant to deceive Zim citizens.
Watch illegal gold mining in SA explode…but at least their money is backed by something tangible
Hope is not a management tool…
No fiat currency will ever serve as a store of value. Inflation and money printing will always steal from you. You need to hold physical gold or arguably bitcoin.
Nonsense, what a confused gvt Crooks they are.
In other the news, the new arrangement of deck chairs on the Titanic is just fabulous.
Audit the holdings and make it redeemable for physical….or it’s a failure at birth.
Soon South Africans will be coming for ZIM gold
Any currency that is backed by gold is also doomed to fail like gold. Gold is one of the most manipulated commodities, with paper futures selling more than the actual metal itself. Its become fool's gold. Best option is bitcoin. Uncensorable, global, limited supply, secure and portable.
Zimbabwe prints new brand of toilet paper.
How do they they afford the paper to print those soon to be useless notes …
Zimbabwens prefer ZAR not ZiG😂😂😂