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Many countries in the world are currently battling with high inflation rates and Africa is not exempted from this development. Zimbabwe has begun selling gold coins to fight high inflation. Living conditions in Ghana are at their worst in eighteen years, with inflation now nudging 30 percent. And families in Kenya are struggling with the high cost of living. Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1 For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews ►Instagram: https://www.instagram.com/dwnews Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch #inflation #Africa #economy
It’s a great idea, atlast Gaddafi’s gooden dinary seems to start working app African countries if they do this and take away papers given to us by white men as medium of exchange, To take our Gold, soon will be back into power and end dominance of dollars, congrats Zimbabwe govt.. Africans we are watching and supporting you
Long live Wakanda. 🤣🤣, Real Wakanda this happens.
If anyone in Zimbabwe wanted or wants to to buy gold, wouldn’t they just buy American eagles, Krugerrands or Canadian gold Maples? They need to stop printing more money which has always, throughout history, created inflation – including now in Europe and North America.
Evil insanity. if the US dollar is working as a viable currency, what is the problem?
Hello
I see that just short term solution..🤷
This is a great idea for them he’s just trying to look out for his people because you can trade it for the strongest cash
does it work ?
the banks plan is working beautifully
notice on the front of the bill it says “i promise to pay the bearer on demand” that is a contract, between you, the bearer of the note, and the reserve bank of zimbabwe, they are going to revalue their currency and switch to gold strictly, when they revalue, they will have to honor their contract when you go to exchange, and pay you the adjusted rate, ive heard a 100t zim note will be worth the equivalent of 50 million us dollars when they go full asset backed and the value of an individual zim is tied to the bank of zimbabwe’s gold reserves, you will have 10 days after revaluation to make an appointment at an exchange center and exchange your zim for the adjusted rate
People are going to be wiped out by holding the U.S. dollar just like the people of the U.S. are getting wiped out for holding dollars. The AMERICAN people will want gold when the U.S. dollar crashes as it has started in the U.S. because we are in a recession over here.
This is a great move by Zimbabwe, but I don’t know why people are not supporting it. It’s not going to be easy at the beginning but ultimately Zimbabweans are going to benefit greatly from this.
Zimbabweans don’t let anybody deceive you, the gold coin is a good move, you might not see it now but at time goes you will see the benefits.
It Will Work Out 💪🏾 The Gold Must Back The Fiat & RTGS Currency
Just Waiting For The Big Country’s of The World 🌎 To Do The Same. This Is A World Wide Plan
Dump the USD, let them handle their money printing instead of exporting their inflation to the rest of the world. They should start minting silver coins along with gold coins to grasp the full spectrum from micro to macro transactions.