Zimbabwe Announces New Currency Called the ZiG
HTML-код
- Опубликовано: 7 апр 2024
- Zimbabwe, in its latest bid to end the serial slide of the local dollar, has replaced it with a new unit called the ZiG backed by a basket of foreign currency and gold. Bloomberg's Ondiro Oganga reports.
![Kehlani - Next 2 U [Official Music Video]](http://i.ytimg.com/vi/MpI7ekFG8A0/mqdefault.jpg)
![KFF Singapore Badminton Open 2024 | He/Ren (CHN) vs. Alfian/Ardianto (INA) [7] | F](http://i.ytimg.com/vi/an7AykjOaAA/mqdefault.jpg)
This will be a game changer!!! If only it is managed by professionals invested in making Zimbabwe better, and not just lining their pockets.
Most sensible comment I have seen regarding this. Other comments are filled with people thinking this is a magical foolproof solution or just being completely dismissive of the idea.
It will not be a game changer, the Zim politicians will still print more than needed
Your second sentence says it all. Does a leopard change its spots?
Its cheaper to wipe your anus with a zig than to use the currency to buy a toilet roll
Embrace gold. Ditch usd.
Apparently they did Google it
Should have been done ages ago
I think the ZIG was perfectly timed. Amazing grace!
Zim Gov: inflation is high how should we solve this, oh I know let's make another currency.
Backed by gold... this is much more stable and their currency will actually be worth something
@@ayazamikanz5299 I'm Zimbabwean this won't stop inflation, the government is just going to overdraw their gold backing and go back to printing AGAIN.
@@ayazamikanz5299 this is our 6th time with a new currency
@@Bigchi3f that’s a whole different issue.
@@s.wvazim6517 and first time a currency being gold backed
How is this even a solution 😭 how can you just change a currency when inflation happens. What kind of scams are these 😭
Soon all legal tenders will follow, as this helps to reduce inflation.
They're trading in Zig Zags now... sounds about right.
Whaaaaat??? Ondiro is on Bloomberg. Congratulations.
US should stop sanctions on zimbabwe.
They did. A month ago
1 month ago they lifted Sanctions the first ever country to be lifted
@@Priapus212not completely do proper research😮
@@conceretejungle1150 th political elite should stop stealing money
Sanctions are only on individuals. Believe me I have family working in govt. the biggest problem is there is too much corruption
Buy gold
Sell drugs
1. Does Zimbabwe have enough gold reserve in the first place?
2. If she doesn't, she won't be able to react to or control exchange rates
3. If gold prices fall, you are gonna face inflation, that you have no control over.
4. And when the government runs out of money to pay for its expenses, they are stuck with issuing debts
5. Or they can raise taxes (good luck with that)
I don't see how this helps, other than perhaps reseting the currency.
Switching from relying on foreign currency which you don't directly control. To gold which you also don't directly control. What's the difference?
Africa needs to trade with itself.
Needs to develop sufficiently a philosophy underpinning that first. A colonial one still dominates hence the reliance on, reverence and desire for without rather than within.
Buying gold is the best investment right now
Rubbish. Futures in sheep stomachs is better
What a super awesome move
We are on the up 🙏🏾
Whoever named it the zig has poor naming skills, but gold based currency will make economies very stable.
No it won't! It'll make it wildly unstable as the value of gold fluctuates in extremes!
Ziggy zaggy
What gold. All the gold was stolen years ago. THERE IS NO GOLD!!
For great justice!
the زق. good name
Good move, real currency has gold backing it. Many countries have fiat currency, welldone Zimbabwe. Anyone with how currency is strengthened knows that's a superb move. Give it time and see
Where's this gold everyone keeps talking about 😭 show me.
@@sirzechsquasar It is stored in central banks.
They stole all the gold ages ago. If anyone thinks there is actually gold, they are dumber than the average ZANU supporter.
Let’s hope this is a start of something new and beneficial
Gold "backed" currency is just more fiat. Does anybody believe that the gold is really there? Forget half measures, just use real, physical gold. End of problem.
Well.... Exactly right 🎯 it's a joke
How can you use something that was stolen ages ago. THERE IS NO GOLD!!
well I had a patron leave 500000000 billion on my wall guess its not worth even a free beer now
Perhaps govt should also back their currencies with locally produced long lasting foods such as corn and rice....ask the african muftis whether this idea and commodity backed tokens are suitable.....
Where do we sell back the old zim currency to exchange for new?
Bank
It's worth almost nothing at all
Zig zags
I've just started learning ZIG, and looking for tutorials.
Interesting..why is there so much global attention in the new zim currency..I am hearing something...
Corporate income tax of 50% 😂
Finally this is epic time for zim to shine
|******************|
| Yes or No |
| Guys |
|_________________|
\ (👁 ͜ʖ👁) /
\ /
*******
| |
|_ |_
Like every other time the past few decades 🤣🤣🤣. How many billion percent is inflation right now?
*backed by Tobacco introducing the all new Zig Zag, the value will go up in smoke over time hahaha..*
Enemy of progress
Based on gold zim gold not zimbabwe gold leaf tobacco😂too bad for fools like you😂😂😂
Keep thinking zig zeg while we moving forward.
Zau
Wait. I that a QR code on the money?
Lol yes
yeaux whats the symbol?
Zig$😂
United States just should stop helping bums and focus on us Americans top country best country 🇺🇸🇺🇲🇺🇲
Gold is real money 💰 all currencies including US dollar are paper currency
The first gold backed currency in Africa. When all 55 currencies are backed by gold, they will create the AFRO, a continental gold backed currency.
Are you sure it's the first?
@@famzya6594 Educate me! Gaddafi's attempt doesn't count.
Hahahahahahahha😂😂😂
😂😂
Another failed currency compared to BITCOIN
All your bases are belong to us
They must not compare the SA Rand value close to Zim currency
Don't drag South Africa down with their poor status .
The Zar is way stronger and holds more value than Zim!
You need about 10000Zim for R1.
That's how 💩 the Zim 1 is !!
I guess you haven’t heard the latest news, indeed that zig is stronger than the Rand! 😛
lmao
1 ZIG to $0.0000001 USD
BITCOIN is the answer
Sure. A speculative digital currency that swings in value around 5% every day and is denominated in dollars. You dimwits are hilarious.
They can't even afford bread and how they will buy bitcoin 😂
@@Batmancar1212 You really need to do some research into whats happening in El Salvador ;)