Zimbabwe's Currency Woes Caught in Politics, Drought, Etc. Problems - Ochieno
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- Опубликовано: 8 апр 2024
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In my 55 years as a Zimbabwean l am on my knees Praying.
When exactly is this upcoming election soon in Zimbabwe they were talking about? I didn't know about it.
Praying for you too
Amen to that Gogo, let's pray much more for our country
May God be good to Zimbabwe and this works for their betterment. Their suffering has been huge.
Lack of confidence in the Government.......
Dambudzo must cede and pack he is a big threat to zimbabwe economy
Zimbabwean citizens only don't have confidence with the leadership that has introduced the currency not particularly with the currency itself, I think the currency has no problem but the leadership.
The currency IS NOT gold backed. This young man has no idea what he's talking about! This currency is NOT redeemable in gold. If he thinks a puny two tonnes of gold can back the currency of a medium sized country like Zimbabwe he's dreaming.
@@jimmycricket5366 what I understand here is that they introduced this current to be compared with the value of gold yes and other resources available in the country, but my question now is, does the country have enough minerals to compare it with them such as gold especially when most of that little gold is being leaked out of the country by the once reported gold mafias, which makes me believe that individuals in Zimbabwe own that gold not the state remember the central bank was reported to be having only 1 tonne of gold in its reserves local and about 1.5 tonne off shore is that gold enough to support the currency of the country with a population of about 17000000 as an asset
@@zolanizwangendabamkandla9929 Remember the RBZ had five tonnes of gold in reserve from the 1980's but then after responsible people like Leonard Tsumba, Gono just went and sold all of it. This idea of keeping gold reserves at the central bank is not new at all and most countries do it. They are not telling the truth in that the ordinary person will not be able to redeem the zig for gold. A truly gold backed currency is redeemable in gold, even if a minimum level is set. That obviously can't be done with only two tonnes of gold. It's just cheap talk all over again.
That’s true. Good leadership qualities is what most countries thirst for. Corruption is what destroyed the country.
@@charmainemoodley2414true
Zimbabwean government officials must stop blaming the sanctions, they are not first and the only country to be economically sanctioned. They must try better strategies, hold each other accountable, and give hope to the citizens of Zimbabwe. Zimbabwe stands a chance of being economically and interdepandently powerful country in Africa as whole. That fast growth rate he is talking about without proper governance will benefit more than half of the population in the next 500 years, if lucky.
Uri ngori duzvi reccc
@@Africana399 With your tribalism and nepotism you are going nowhere. Your tribe is the reason your country is like this. With these emotions you'll never progress o marrete.
Elections are coming in Zimbabwe???? @Rumbie Uncensored
Tell the truth about the rigging of the election look the relationship of Zimbabwe and Saddac countries because of Zanu Pf regime
The Gold standard makes sense for the economic woes of Zim to attract newer investment.
His face only is identical to the ZIG currency.
wat poles zim had elections already...wtf
The problem of Zimbabwe is not currency its political . As long political impasse is not solved then Zimbabwe is doomed
The Economy is collapsing but boom new currency failing to stabilize. Economy it's totally fallen no industry how do you think. Your money will change the economy what is the difference between bearer cheque's and Zig the difference is these names
Remember the SPECIAL AGRO CHEQUE... my favourite 😂🤣😂🤣
Nonsence mnangagwa must go.no new currency.we need new Zimbabwe Not new currency on this died politic..
I have held ZIMs for several years. Will my ZIM convert to ZIG? Are my ZIM now 100% worthless? I would appreciate any information / advise.
You can exchange them at the interbank rate divided by price of gold closing rate was about 33000 I believe
If you hand it in by the 21st of April you will get ZiG400 for your zwd1000
@@zolanizwangendabamkandla9929hand it in where? I would definitely like to do this.😊
I live in Florida.
@@msi4063 I googled interbank. I'm not seeing any location. I've visited Bank of America, Wells Fargo, Chase.
They all look at me like I'm crazy. None have been able to tell me of a place to go. I'm a senior citizen. I try hard but sometimes Technology is challenging.
Brother from Kampala you seem not well informed?…
As long as one is talking about Zimbabwe problems and not saying the truth about the filthy dirty political behaviour by Zanu pf...that person must just shut up 😅
Can a leopard change its spots? The currency IS NOT gold backed. This young man has no idea what he's talking about! This currency is NOT redeemable in gold. If he thinks a puny two tonnes of gold can back the currency of a medium sized country like Zimbabwe he's dreaming.
Don't talk nonsense about my country if u don't know what z happening.nothing z good fo the ordinary citizens
Shame! This gentleman is very misinformed, very misleading analysis.
What sanctions is he talking about? He does not even talk about how the government has used the weak local currency to enrich themselves. As Zimbabweans we are tired of African brothers who don't help with truthful reporting to assist in correcting our wrongs
You just interview some clowns
African economics, fiddle with the currency and not fix the root cause of the problem.
This is the problem. Lots of talk and hot air. The currency IS NOT gold backed. This young man has no idea what he's talking about! This currency is NOT redeemable in gold. If he thinks a puny two tonnes of gold can back the currency of a medium sized country like Zimbabwe he's dreaming.
That's..presono. Met. Shut up. he. no. Nathhig. about Zimbabwe 👎👎👎👎 munangangwa . mast. go😭😭😭😭😭🕕