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Zimbabwe has come up with a novel idea to tackle inflation. The central bank has launched gold coins to be sold to the public. The first batch of 2,000 coins was minted abroad, but eventually they will be produced locally. Al Jazeera’s Haru Mutasa reports from Harare, Zimbabwe. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ @AljazeeraEnglish #Aljazeeraenglish #news #zimbabwe #Inflation #centralbank #gold #goldcoin #harare #economy #economycrisis #world
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Great step to the government of zimbabwe, I hope other africains countries do the same.
And yet the US sanctions such a poor struggling country and the world is quiet… They call it enforcing democracy and the question is for whom….
They are almost there! Governments use gold, people use silver. Mint silver coins! You can even go as far as issuing all money in copper and silver. It might cost a little more but it instantly stops inflation. Then slowly transition back to fiat.
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They should release a single gram coin in gold and also one ounce silver coins…that way the common folk can buy in and not just the upper class
The problem is that the United States can print dollars and buy all the gold coins. 🤣🤣🤣🤣
what a nonsence ,….how can you guarantee permament value of gold ..well ..maybe better than 200 % inflation ..but hey …why the F you print so much money ?..other thing ..how many gungsters will scrape some of it off …or ..so. Someone from gov is gonna pack his coffers again …
Best building in the country is the Reserve Bank building,,go figure
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Alhamdullilah the right path. Bring the gold back
Well done but NATO Won’t be happy
USA are not happy about this
I live in us , how can I buy coin
this can lead to coins hording,