In all honesty and bluntness, "You are correct!" Credit by any other name is still "Fiat Currency!" I know that the cash in my pocket and the money that lay's in my Bank are simply "Promises kept,and Promises to pay!"
I disagree with the Zambian economist. Gold is strong and stable. Its just the rest of the world sided with the world bullies(US and their allies) who imposed sanctions and manipulating the value of the Zimbabwean currency. They intend to impose sanction on Zimbabwean gold if they were to be used in the international market. Those sanctions are the problems.
Oh shut up have you ever stayed in Zimbabwe... if you did this kind of talk wouldn’t be coming out of your mouth... they busy shouting at the the west instead if taking care of their own people... ziim ws under more sanctions during rhidesia what is their excuse now
bad governance not sanctions is the real issue, we can not shift from Rands, US, bond, Zim dollar etc, the strength of a currency is determined by the quality of governance we have, as no as Zanu is there, no currency will work
He wants to enslave Zambian making them depend on others to do what they have the resource to do for themself! AFRICA MUST DO FOR SELF, AND THINK FOR SELF! (In case my common get deleted) I can't believe NO ONE has thought to make coins mixed with small amounts of gold to bring down the value enough for the common man and woman to use? How could this be that only one OZ coins will be made in a country where the people can't afford them. They are of NO USE AT ALL other than the rich! MORE EXPLORATION! GET UP, STAND UP FOR YOUR RIGHT!
@@robertmayor1569 european sanctions are the problem. The west doesn't want to see Zimbabwe successfull or any other african countries. The west relies on Africa's poverty
PLEASE PROTECT YOUR COUNTRY'S PROGRESS FROM THE FRENCH AND U.S.........learn from the moves they made on Libya. STAY SAFE PLEEAASSEE we in the diaspora are pulling for your success!!! ONE AFRICA
Yes Sir!! Umoja is key in the development of our mother continent. Look into The African Diaspora Development Institute, ADDI. This is one of the agencies I have partnered my U.S. Based company with to aid in the development of Mother Afrika. We thank you and appreciate your support. Ubuntu Ma'at Ase'🙏🏿🇬🇼🇿🇦🇰🇪🇺🇸
@@CapitolVisions You are more than welcome. Africa is for Afrikans. "Urithi wangu ni Balanta na Zulu." I am extremely proud of my Afrikan heritage and our people. Ase'🙏🏿
Job very well done Zimbabwe. Even if they buy the coins to melt them, the bottom line is - they purchased the coins, they didn't steal it and didn't use forced labor to steal it while they were at it. Win-win. Also, the $2 or other smaller denominations that he's concerned about aren't the ones that hold the country's economy. It's the big wig deep pockets who matter in the international economy not the $2. There'll still be plenty of those $2 or $100 to be used by the community. They didn't say they are canceling the paper dollars at all. This is a great step. So pleased with the zim government right now!!!
Great move Zimbabwe 🇿🇼 👏 👍..All of Africa must stand to support this..but we all know eats gonna happen right..Zimbabwe is home to some of the smartest people and its been long time in waiting for something
bronze and silver coins are coming soon!!!!! zim all the way. bravo move. africa should follow. Africa's economic brains have found residence in southern Africa (Zimbabwe).
@@geneticmemory9205 take it from an American, the US dollar is about to fail because it's really is worthless. Gold is real, paper money is worthless. The government is doing the right thing. Russia and China is backing their currency on gold
how do one transact in gold coins that only have 2 denominations, 0 and 1200 dollars? you cant transact with this useless coin. if one want to use it, has to sell it all which is pathetic.
@@Olcool Onke is talking on an international level, in which case he is correct. Now for the people there would mix one metal like silver with tin, which would bring down the price so everyone could use it.
💯 Agreed. Gold has only been used historically for very large transactions. While small silver coins would be far more realistic for the average Zimbabwean for everyday transactions. Or better yet copper coins.
@@jasonlawrence2143 Sure, for very small transactions. When you get down to copper you end up where the cost of stamping them out is more then the cost of the metal. That has some challenges but it could be done. A one ounce < English ounce > copper coin has about 35 cents worth of copper at current prices. In an economy where .36 cents USD is enough to actually buy something why not?
@alex emergineer. Don't hold your breath on sanctions removal by the West. Cuba is still 60 years in sanctions from the U.S. as I write. Russia has boomeranged the Western sanctions. Zimbabwe's way out is to use the involatile value of gold. Gold is the original standard of monetary value and a perennial tradable commodity.
Yusuf Dodia : you should be optimistic rather than pessimistic about the move by the government of Zimbabwe to issue gold-backed currency. I agree with some of your analysis, but not that the Mosa Ou Tanya gold currency will not attract International demand. I disagree with you because the value of gold is and will always be greater than any paper currency such ad the US dollar, British Pound as they have nothing of value to back them up. This bold move by Zimbabwe will be a game changer for the country and a lesson for other African countries that it can be done.
How is it that no matter what the International community has tried to do to China, they remain resilient and strong? Top level corruption especially at the leadership level remains the major issue of African nations.
you are stupid for your comments, it clearly shows who you are. What do you mean every country is not like Nigeria. Every country has its own problems. Ye,s we know the sanctions in Zim affected Zim. We African should stand together. We are against the way South Africans are treating ZIM people. You don't need to use the derogatory word about Nigeria
@@malwandemoyo8475 but he's clearly just a China owned talking head for the China owned sabc. Zw should not use their own gold but use fake China money. Chii? China dodi money? Instead of real value? OK, we get it, you think Zimbabweans are not yet aware of colonialism..
Economist will give you the same opinion either way. What does his nationality have to do with anything. he is the economist for the channel on all things Africa
A gold coin with a serial number ( if they in fact have them) is still a gold coin. It's the smaller denominations that need to be tied somehow to gold. (Would work as long as the US don't pull another Gagaddafi ).
They should just use lesser quantities of gold to get smaller denominations for legal tender. I mean not everyone has $1600 that's R27000, yes their currency will rise and beat the inflation as people exchange the dollar for musi wa thunya
1 coin is worth $1600 who many ordinary people in Zimbabwe has that money? even educated people don't have that much money, if i want to buy basics using the coin what do i get in exchange for the difference? It would make sense if there were coins with small ounces of gold to make them more affordable for the greater population.
That would be really tiny money😂. Even if not everyone has it, if even the few who have that money can use the coins, it'd lessen the load on the currency. If that makes sense
They should have gotten a Zimbabwean economist. This guy is highly misinformed on Zimbabwe. The coins are not meant to be a currency but a store of value in order to reduce the demand for the USD and ultimately reduce exchange rate-based inflation. While I personally don't think this will work, I'm disappointed by the misinformation peddled by the 2.
The problem is political. You can't rule people who doesn't like you. The opposition have been denied their chance to lead us. People then will sabotage these Zanu pf govt until it's gone.
WHen I lived in Rhodesia (now known as zimbabwe),..a cup of coffee was a tiki (2 1/2 centsw) if I recall correctly. 1 dollar Rhodesian was worth about 1.50 american. About ten years ago someone gave me a souvenier because he knew I had lived there when Rhodesia became zimbabwe. It was a bill,..I think it had zero's all the way across the bill, and that was after they had chopped 13 zeros' off the number of zerios so they could print it. He told me that a cup of coffe had gotten to the point of costing something like 13 trillion zim. dollars. ARE YOU KIDDDING ME>..........and you think the rest of the world is manipulating zim. currency????? Surely it has at least crossed your mind that the govt. there has the printing presses running full time. Just like other governments,,..only much better at it.
As long as we are buying our oil in USD, nothing will change the status quo. There is a reason why the US is soft on oil producing nations, despite all of their gross human rights violations. These nations are accepting USD for oil, not gold. This is why China has the largest reserves of USD in the world.
It all because Zimbabwe claimed its land from the Colonial masters. They are being punished for that. It is very wrong. It is the ordinary Zimbabweans that are suffering because of the international community
I'm Zimbabwean and no that's not the issue and Yusuf sadly is very political with his economics. It's very possible for a country to become self sufficient and not need to be an international player thus not needing colonial masters. But that takes discipline and sacrifice, the Roman's used to say wise men would plant a tree knowing that they will never bask in its shade. Till today we still are heavily influenced by the Roman Empire because they didn't plan for their time but generations ahead and when leaders like Ceasar got to big for their own heads were firmly reminded that they're public servants. So long story, twisted as it is, Africa can do better if we out grow the self centered mentality and make efforts to enrich future generations and not the current war heros.
Smart move by Zimbabwe actually to slowly move away from the dollar by converting local currency into gold which will then allow them to switch to other reserve currency such as the Yuan in the future
8Western and Europeans countries should stay out of African economies they have bullied African countries more than enough with sanctions. We as Africa can stand our own economy regardless Westerners and Europeans come here to bride politicians while they just here to colonize Africans pretending to be investors. Zimbabwe can provide more than for its people with what they can grow and mine out of their land. The people has suffered enough causing its people to flee their motherland to survive in other counties are already struggling with poverty and joblessness which leads to xenophobia in Africa. Europe and the West should stay with their money problems and let us deal with our own resources. I WOULD SAY ,YES ZIMBABWE DO WHAT IS RIGHT TO STRENGTHEN YOUR CURRENCY AND SAVE YYOUR COUNTRY . VIVA AFRICAN
@@may_beeharuno2195 it's a colonial language, I'd I quote " Europe must stay with there money" then why not there culture, music , inventions ,and language ? Don't be bias and Google has Google translate...
I'm from Zim n I agree with Zimbain Economist As long as Zimbabwe is still under influence of international sunction we can use all kind of zimcurrents even pure gold it is not gonna work
I'm curious how this will work in reality? Plenty room for high ranking looters!! News presenter quoting Roman times is an African embarrassment. Zambian telling Zimbabwe to use Chinese currency in a time of despair is a real mystery to me? He hasn't a clue about what's on ground the worst person to interview.
Right approach moving forward. Afrikan Continent must use gold coin as legal tender and doing away with paper money. Gold coin currency is value based and paper currency has no value.
Rasta hazvina politics izvi gold and silver is money baba enda kotenga gold coin woisa paden. US dollars not backed by anything that's fake money like stocks and bonds all fake
I have a friend that may become very rich, he has billions of Zim's,. If they reevaluate their currency and * keep the notes,,, then he was right. The whole Country is actually rich in Precious metals ,Gems and minerals, you would be shocked.
This gold coin debacle is not going to end well. Zimbabwean economic and financial interventions always end up in failure. Zimbabwe has to address the cause of economic challenges not tinker about with new currencies
Nope. Gold is the choice, we got the resources, the Gold and Gold never ceases. Get an exonomist that is well vested in the knowledge of Zimbabwes economy and Gold currency.
the question of possible melting the coin & reselling it perhaps in black market.... anyone with knowledge to clarify.... cause surely anyone can think that route. If back market pays $2000 for the same, why would you not melt hundreds per day...
Africa for gold. South Africa, Nigeria, Ghana and Sudan must join then all africa will follow. Powerful move
Uganda just hit the gold jackpot too, estimated value of 21 trillion in usd. They should follow zim and use it for currency too.
Fix corruption first, have real democracy, respect of law and human rights and we will be a powerhouse to reckon with.
@@mthokozisilanga4497 the corruption is very annoying. How much can one eat?
Bro these is what I have been saying africa countries need to print their own money to pay their debt.
@@georgeaklie Zimbabwe printed money and collapsed
This coin has value in any part of the world
Of course it will and Zimbabwe will prosper😅
Where can we purchase these coins?
@Nicky Klue sounds like a plan
@@abc876 @ a coin shop
@Nicky Klue U balck south africa ar very funny now i can see u guyz dont want zimbos to grow but in other way round u want zimbos to go home
They thought Gaddafis idea would die after killing him here comes Zimbabwe let follow this trend Ghana and all African countries 🇰🇪
Gold is money. Everything else is credit.
*not credit, it is called: Debt. there I corrected it for you.
wow
@@FuckTheGlobal We do not care about your correction Mr UA-cam corrector as long as we get the message
In all honesty and bluntness, "You are correct!" Credit by any other name is still "Fiat Currency!" I know that the cash in my pocket and the money that lay's in my Bank are simply "Promises kept,and Promises to pay!"
@@NAVYABHAN promisery notes
Gold coins were used during Biblical times. Keeping Zimbabwe in prayers in JESUS name!
💯💯💯%%% 🙏🙏🙏🙏
Amen
yes! In Jesus name move these people to blessed living and spread the word for HIS kingdom!
Let's keep Jesus out of this PLEASE!! Christianity has been the downfall of the entire continent! Let Zimbabwe be Afrikan. Ubuntu Ma'at Ase'🙏🏿🇬🇼🇿🇦🇰🇪🇺🇸
@@melokulelekankumalo3402 No! Worshipping statues, Voodoo, and putting trust in handshakes and Serpent smile was the cause of Africa's downfall
Weldone Zimbabwe. U shall arise again.
I disagree with the Zambian economist. Gold is strong and stable. Its just the rest of the world sided with the world bullies(US and their allies) who imposed sanctions and manipulating the value of the Zimbabwean currency. They intend to impose sanction on Zimbabwean gold if they were to be used in the international market. Those sanctions are the problems.
Oh shut up have you ever stayed in Zimbabwe... if you did this kind of talk wouldn’t be coming out of your mouth... they busy shouting at the the west instead if taking care of their own people... ziim ws under more sanctions during rhidesia what is their excuse now
bad governance not sanctions is the real issue, we can not shift from Rands, US, bond, Zim dollar etc, the strength of a currency is determined by the quality of governance we have, as no as Zanu is there, no currency will work
He wants to enslave Zambian making them depend on others to do what they have the resource to do for themself! AFRICA MUST DO FOR SELF, AND THINK FOR SELF! (In case my common get deleted) I can't believe NO ONE has thought to make coins mixed with small amounts of gold to bring down the value enough for the common man and woman to use? How could this be that only one OZ coins will be made in a country where the people can't afford them. They are of NO USE AT ALL other than the rich! MORE EXPLORATION! GET UP, STAND UP FOR YOUR RIGHT!
Facts
@@robertmayor1569 european sanctions are the problem. The west doesn't want to see Zimbabwe successfull or any other african countries. The west relies on Africa's poverty
PLEASE PROTECT YOUR COUNTRY'S PROGRESS FROM THE FRENCH AND U.S.........learn from the moves they made on Libya. STAY SAFE PLEEAASSEE we in the diaspora are pulling for your success!!! ONE AFRICA
Yes Sir!! Umoja is key in the development of our mother continent. Look into The African Diaspora Development Institute, ADDI. This is one of the agencies I have partnered my U.S. Based company with to aid in the development of Mother Afrika. We thank you and appreciate your support.
Ubuntu Ma'at Ase'🙏🏿🇬🇼🇿🇦🇰🇪🇺🇸
@@melokulelekankumalo3402 This is the first Ive heard of the ADDI...Im going to it right now, big ups for the info.
@@CapitolVisions You are more than welcome. Africa is for Afrikans. "Urithi wangu ni Balanta na Zulu." I am extremely proud of my Afrikan heritage and our people. Ase'🙏🏿
Well done Zimbabwe 🇿🇼
Wrong move. People will only smuggle it to other countries for sale.
I wish you would come to Zimbabwe and see the state of things
@@tawandahomero2913 I would love to come but I can imagine that the government has failed dismally. However, let us not loose hope hey
@@theonly6359 the only to not lose hope is by having real solutions! Not this bull!
I am gonna buy some coins ~they are beautiful
I was concerned about a certain issue. Now, I see that they are in fact going to put the gold into their entire system. Thank Yah!!!👏👏👏😎
Millions around the world want one of these coins including myself.
I need to buy 10 pcs of it for a start. What business should I start there?
22 karats it cost US$1823, just imagine
PLZ THIS SHOULD JUST GET TO.NIGERIA BCZ IN NIGERIA WE HAVE BILLIONIER THAT CAN MOVE TO ZIMBABWE TO START BUSINESS THERE WIT THIS GOLD COIN
WHEN MAINSTREAM MEDIA FINDS "PROBLEMS" ... WE MUST FIND "SOLUTIONS" ! ZIMBABWE DID THE BEST THING HERE JUDGING BY THIS PROBLEM-FINDING INTERVIEW !
That feeling you'll have when you pick up a gold coin
Job very well done Zimbabwe. Even if they buy the coins to melt them, the bottom line is - they purchased the coins, they didn't steal it and didn't use forced labor to steal it while they were at it. Win-win. Also, the $2 or other smaller denominations that he's concerned about aren't the ones that hold the country's economy. It's the big wig deep pockets who matter in the international economy not the $2. There'll still be plenty of those $2 or $100 to be used by the community. They didn't say they are canceling the paper dollars at all. This is a great step. So pleased with the zim government right now!!!
Way do u have to melt something that has more value as it is. Your comment don't make sense
Great move Zimbabwe 🇿🇼 👏 👍..All of Africa must stand to support this..but we all know eats gonna happen right..Zimbabwe is home to some of the smartest people and its been long time in waiting for something
Gold doesn't give you productive power....
bronze and silver coins are coming soon!!!!! zim all the way. bravo move. africa should follow. Africa's economic brains have found residence in southern Africa (Zimbabwe).
Africa could be a powerful force if they United
This will help with their imports, and should ease pricing of goods for the locals
BullSh|t! this is only for those who have. It will not help the people enough to matter!
@@geneticmemory9205 take it from an American, the US dollar is about to fail because it's really is worthless. Gold is real, paper money is worthless. The government is doing the right thing. Russia and China is backing their currency on gold
how do one transact in gold coins that only have 2 denominations, 0 and 1200 dollars? you cant transact with this useless coin. if one want to use it, has to sell it all which is pathetic.
@@Olcool Onke is talking on an international level, in which case he is correct. Now for the people there would mix one metal like silver with tin, which would bring down the price so everyone could use it.
@@geneticmemory9205
So you saying the ordinary person would have to do, what?
Gold and silver coins is real money that you can’t print out of thin air like fiat currencies.
Yep, unfortunately most of the world is to ignorant to realize this. This is what JFK was trying to accomplish & look at what they did to him for it.
Listen to Bob marley - zimbabwe. The prophecy coming to pass, Zambia stands with zimbabwe always.
Silver is a much more practical choice for every day use. Gold is fine but even very small gold coins are just worth too much
💯 Agreed. Gold has only been used historically for very large transactions. While small silver coins would be far more realistic for the average Zimbabwean for everyday transactions. Or better yet copper coins.
@@jasonlawrence2143 Sure, for very small transactions. When you get down to copper you end up where the cost of stamping them out is more then the cost of the metal. That has some challenges but it could be done. A one ounce < English ounce > copper coin has about 35 cents worth of copper at current prices. In an economy where .36 cents USD is enough to actually buy something why not?
@@markhadley1545 GOLD AND SILVER ARE NOT THE ONLY METALS OF VALUE AND THE HAVE THEM ALL.
THINK IT'S NOT UNLAWFUL YET!
Well done Zimbabwe, you've led the way!!!
This is why they killed Gaddafi
Yeah 😔
This is a game changer and the timing, I believe, is perfect in light of Russia and China successfully rejecting the U.S. petrodollar.
USA must remove sanctions against Zimbabwe once and for all.
The biggest sanction is the ruling party not USA
@@dimbwemazala8978 you must be someone who is knowledgeable you even came up with the name,let's see where this is going
@alex emergineer. Don't hold your breath on sanctions removal by the West. Cuba is still 60 years in sanctions from the U.S. as I write. Russia has boomeranged the Western sanctions. Zimbabwe's way out is to use the involatile value of gold. Gold is the original standard of monetary value and a perennial tradable commodity.
@@africanadage852 you must be kidding me that's very very long ,and it's unfair
USA should’ve never been allowed to impose sanctions at all. Why is it only usa that is allowed to do this
Great move Zimbabwe
We don't need the us dollar 💰💵
Yusuf Dodia : you should be optimistic rather than pessimistic about the move by the government of Zimbabwe to issue gold-backed currency. I agree with some of your analysis, but not that the Mosa Ou Tanya gold currency will not attract International demand. I disagree with you because the value of gold is and will always be greater than any paper currency such ad the US dollar, British Pound as they have nothing of value to back them up. This bold move by Zimbabwe will be a game changer for the country and a lesson for other African countries that it can be done.
We are no longer Zimbabweans we are Vikings now...
🤣😂😂😂😂😂😂😂🤣🤣🤣l can concur stateless, boarderless
No.... You are a bunch of idi@ts that destroyed you own economy with you r@sist ideologies..... 6 months on and inflation still 400%....,,😂😂😂😂
How is it that no matter what the International community has tried to do to China, they remain resilient and strong? Top level corruption especially at the leadership level remains the major issue of African nations.
Did you forget that the west moved all of their manufacturing to china?? Essentially fueling their economy.
you are stupid for your comments, it clearly shows who you are. What do you mean every country is not like Nigeria. Every country has its own problems. Ye,s we know the sanctions in Zim affected Zim. We African should stand together. We are against the way South Africans are treating ZIM people. You don't need to use the derogatory word about Nigeria
Zimbabwe is the way for the growth and economical independence in our continent of Africa
Why use Zambian Economist instead of a Zimbabwean who understands what's going on there..?! Why?!
He's in Zambia, close enough to know what's happening, and not too close to be biased
@@malwandemoyo8475 but he's clearly just a China owned talking head for the China owned sabc. Zw should not use their own gold but use fake China money. Chii? China dodi money? Instead of real value? OK, we get it, you think Zimbabweans are not yet aware of colonialism..
@@malwandemoyo8475 thats bs
you can say that again
Economist will give you the same opinion either way. What does his nationality have to do with anything.
he is the economist for the channel on all things Africa
A gold coin with a serial number ( if they in fact have them) is still a gold coin. It's the smaller denominations that need to be tied somehow to gold. (Would work as long as the US don't pull another Gagaddafi ).
True 😂😂😂👌
I think this is a great idea
They should just use lesser quantities of gold to get smaller denominations for legal tender. I mean not everyone has $1600 that's R27000, yes their currency will rise and beat the inflation as people exchange the dollar for musi wa thunya
Let's go Zimbabweans.
😂😂😂😂😂
Bye bye at last! 🤣
1 coin is worth $1600 who many ordinary people in Zimbabwe has that money? even educated people don't have that much money, if i want to buy basics using the coin what do i get in exchange for the difference?
It would make sense if there were coins with small ounces of gold to make them more affordable for the greater population.
Perhaps a half, and quarter coins will help
They must introduce silver coins as well as the value is much lower than gold
All of us 🤾♂️
That would be really tiny money😂. Even if not everyone has it, if even the few who have that money can use the coins, it'd lessen the load on the currency. If that makes sense
Gold is not piratical. They need a silver based money
I dont agree with this guy. I see why zimbabwe is struggling if there economists think in this way.
Thanks Peter for the interview you always make me proud 👌
Zimbabwe should also have Silver as well. Gold and Silver as Currency's. Thank you.
They should have gotten a Zimbabwean economist. This guy is highly misinformed on Zimbabwe. The coins are not meant to be a currency but a store of value in order to reduce the demand for the USD and ultimately reduce exchange rate-based inflation. While I personally don't think this will work, I'm disappointed by the misinformation peddled by the 2.
yup
So if you have no coin must you starve .Sanctions must be dropped so the poor people can live and have dignity
The problem is political. You can't rule people who doesn't like you. The opposition have been denied their chance to lead us. People then will sabotage these Zanu pf govt until it's gone.
@@nosisantsele4987 thank you we want to go back home my sister it's just tough
This is sad to hear this guy support a Chinese currency, yet shoots down Zimbabwean gold currency. This is a sad day for Africans
Gold is gold. I do not agree with the guest. All gold coins hold value.
Gr8 analogy especially at the end
Time to flush all the useless paper money and get back to the real money. Well done zim the rest of Africa will follow suites.
WHen I lived in Rhodesia (now known as zimbabwe),..a cup of coffee was a tiki (2 1/2 centsw) if I recall correctly. 1 dollar Rhodesian was worth about 1.50 american. About ten years ago someone gave me a souvenier because he knew I had lived there when Rhodesia became zimbabwe. It was a bill,..I think it had zero's all the way across the bill, and that was after they had chopped 13 zeros' off the number of zerios so they could print it. He told me that a cup of coffe had gotten to the point of costing something like 13 trillion zim. dollars. ARE YOU KIDDDING ME>..........and you think the rest of the world is manipulating zim. currency????? Surely it has at least crossed your mind that the govt. there has the printing presses running full time. Just like other governments,,..only much better at it.
Oooh snaps! Pray Ugandans for Most High protection. You are going to needed!!!
Zimbabwean national on a South African News channel engaging with a Zambian economist on Zimbabwean issues.....
Eiy futhi🤣😂🤣
This is Africa for you 😂😂😂
Rubbish
Could never have these talks back in Zim or you risk your freedom. Either way you're informed that's all that matters really
I don't see the problem. It's called the news. And the journalist is a South African citizen, I'm pretty sure, no matter what his origins.
Can you use zim paper currency to buy 1 zim gold coin? And if yes, how much zim currency do you need to buy 1zim gold coin?
This is a gud move ,if all African countries will do so US dollar will go down,,,it will work
Facts and do you know Gaddafi had the same idea 💡 but he got killed🤫🥲
As long as we are buying our oil in USD, nothing will change the status quo. There is a reason why the US is soft on oil producing nations, despite all of their gross human rights violations. These nations are accepting USD for oil, not gold. This is why China has the largest reserves of USD in the world.
@@princebond nigerias oil refinery is just about complete. Things are changing.
It all because Zimbabwe claimed its land from the Colonial masters. They are being punished for that. It is very wrong. It is the ordinary Zimbabweans that are suffering because of the international community
I'm Zimbabwean and no that's not the issue and Yusuf sadly is very political with his economics. It's very possible for a country to become self sufficient and not need to be an international player thus not needing colonial masters. But that takes discipline and sacrifice, the Roman's used to say wise men would plant a tree knowing that they will never bask in its shade. Till today we still are heavily influenced by the Roman Empire because they didn't plan for their time but generations ahead and when leaders like Ceasar got to big for their own heads were firmly reminded that they're public servants. So long story, twisted as it is, Africa can do better if we out grow the self centered mentality and make efforts to enrich future generations and not the current war heros.
Great idea, seems like all this printing of the US dollar is killing it.
Isn't this why they killed Gaddafi?
The problem with Zimbabwe is that it is not Rhodesia anymore. You know it's true.
Smart move by Zimbabwe actually to slowly move away from the dollar by converting local currency into gold which will then allow them to switch to other reserve currency such as the Yuan in the future
8Western and Europeans countries should stay out of African economies they have bullied African countries more than enough with sanctions. We as Africa can stand our own economy regardless Westerners and Europeans come here to bride politicians while they just here to colonize Africans pretending to be investors. Zimbabwe can provide more than for its people with what they can grow and mine out of their land. The people has suffered enough causing its people to flee their motherland to survive in other counties are already struggling with poverty and joblessness which leads to xenophobia in Africa. Europe and the West should stay with their money problems and let us deal with our own resources.
I WOULD SAY ,YES ZIMBABWE DO WHAT IS RIGHT TO STRENGTHEN YOUR CURRENCY AND SAVE YYOUR COUNTRY .
VIVA AFRICAN
There are no significant sanctions on Zimbabwe.
That is propaganda spread by the ruling regime as an excuse for their failures.
shut up
use your own language to write stop being colonilized
Lol, it's a universal language that will get people to understand what she's saying.
@@may_beeharuno2195 it's a colonial language, I'd I quote " Europe must stay with there money" then why not there culture, music , inventions ,and language ? Don't be bias and Google has Google translate...
I have never seen a confused government like this in the history of governance.
Confused? haha. have you heard our vice president who is also the health minister
😂😂😂😂
Facts
It's strategy....not confused
I'm from Zim n I agree with Zimbain Economist
As long as Zimbabwe is still under influence of international sunction we can use all kind of zimcurrents even pure gold it is not gonna work
This will make problems for the dollar the worlds reserve currency and bonds wont be needed if this udea catches on the dollar is dead .
All Africa and world will join. But America will not allow
This economist speaking is what we call mainstream economist in America.
Honest money. Enough is enough of trash fiat currency. All countries that have had hyperinflation stack gold.
Will this act of Zimbabwe 🇿🇼 can reduce the Gold price in international market of Gold or it can rise the Gold price ???
Price of gold remains the same coa South Africa, China, Australia, USA etc have gold coins too
It will do nothing
I'm curious how this will work in reality? Plenty room for high ranking looters!! News presenter quoting Roman times is an African embarrassment. Zambian telling Zimbabwe to use Chinese currency in a time of despair is a real mystery to me? He hasn't a clue about what's on ground the worst person to interview.
And just how many Zimbabweans are going to be able to afford these coins
Not many
The rich like he said
Sad 😢
White man came with paper to take your gold😀😂😀😂
black man take farm and he people die slowly 20 years later black man still die
Lets see if it will work
If you could make goldbacks wo 100 percent premium it'd solve the transactional problem
Pride is killing Zim, why not join the RMA once until their economy stabilises.
True but you know the govt of zw with sovereignty thing...
@@kulhemhlongo They would have to be accountable and transparent.😁No thief wants that.
It's cool we got a lotta gold
Right approach moving forward. Afrikan Continent must use gold coin as legal tender and doing away with paper money. Gold coin currency is value based and paper currency has no value.
It's our time as African,
What would stop me from taking those coins, melting them and reselling for us dollar?
Yeah you will part away with the $ before you could do that ...
Great news....
Great move
That guy always talk against Zimbabwe u an African start blaming sunctions imposed by the west
The elite will just stash the coins
I'm planning on stashing them as we ll
Tell that sell-out to stop undermining Zimbabwe’s pursuit of strength and independence.
well done zimbabwe
Rasta hazvina politics izvi gold and silver is money baba enda kotenga gold coin woisa paden. US dollars not backed by anything that's fake money like stocks and bonds all fake
Think positive big up for simbabwe🔥🔥🔥🔥🔥💪🏿💯💯💯
I have a friend that may become very rich, he has billions of Zim's,. If they reevaluate their currency and * keep the notes,,, then he was right.
The whole Country is actually rich in Precious metals ,Gems and minerals, you would be shocked.
Exactly
Welldone Zimbabwe.
Peter Ndoro and Zambia economist just chatting politics in some instances even lying
Zimbabwe will feed the world apocalyptic down fall
Well done this is progress
Gaddafi got killed for trying to implement this revolutionary move, just that he wanted to do it for the whole of Africa
What happens in between? silver just like it always has
People want a new govt period. With new govt people will have trust in their leadership and noone will sabotage the economy.
Very clever
ASANTE SANA ZIMBABWE! NOW HOW DO "WE THE PEOPLE" BUY IN???
This gold coin debacle is not going to end well. Zimbabwean economic and financial interventions always end up in failure. Zimbabwe has to address the cause of economic challenges not tinker about with new currencies
Really,the idea of printing new currency never worked. I agree with you
I really hope they is there wealth wisely and don't waste on frivolous things
Imagine if all countries in Africa join in on this we would be unstoppable for sure
Yeeessssss siirrrr
This is why a Multi polar world policy is necessary
Gold is more important than dollar.,chinese currency is not international.,gold is international you can buy crude oil using gold.,
Nope.
Gold is the choice, we got the resources, the Gold and Gold never ceases.
Get an exonomist that is well vested in the knowledge of Zimbabwes economy and Gold currency.
😂😂😂😂 They said they were copying Russia,
Just introduce four different coins...tenth, quarter, half and one ouncecoins
the question of possible melting the coin & reselling it perhaps in black market.... anyone with knowledge to clarify.... cause surely anyone can think that route. If back market pays $2000 for the same, why would you not melt hundreds per day...
Corruption Corruption, the Zims need to fight the global pressures as one people , one Government, one economy