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The Reserve Bank of Zimbabwe has announced that it will begin selling gold coins this month. This decision is meant to provide people with a means to protect themselves against skyrocketing inflation. Yusuf Dodia, Zambian economist For more news, visit sabcnews.com and also #SABCNews on all Social Media platforms.
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its not to help with the scarcity, get your facts right sir
These coins are not for everyday transactions. Its just a store of value
✊🏻 🇿🇼
I just wish one day other countries besides the US just join hands to together as the US dont have anything ,they just playing a mind game and their currency is over valued and is still owing china.they want this digital currency which will fail tremendously.
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
Zambia should be ashamed of you Yusuf.
Zimbabwe is trying to gain economic independence from the current system that is highly manipulated by a few individual countries and you say its a wrong move. keep on being a puppet.
Laze layinaka iZimbabwe kazi liyoze lisiyekele sekutheni,akuqali ngathi ukuthi ilizwe lethu libelezinkinga kuyolunga nakithi. INDLA MUVA YINKOSI nikubhale phansi lokhu
Zimbabwe is the way for the growth and economical independence in our continent of Africa
If Zimbabwe was still Rhodesia it wouldn’t have a problem….Rhodesia had the same GDP as New Zealand in 1979 with all the sanctions put on in at the time and it was the bread basket of Africa…..well done on ruining the country in 42 years
To make a currency valuable ,you must produce surplus goods and services,which Zimbabwe is now doing.They have learnt their lessons from trials and errors .Africans do not listen to the Western press .
This report sounds like some type of propaganda, their government is betraying them.
Can we just let African countries take their initiatives. Why is that people always think any initiative brought by Africans cannot work. Economically, there I’d nothing wrong in foreign Nationals buying and melting it. As long as you bought it, it your monetary product. It’s no difference from hoarding money under the mattress.
Obviously the demand for Gold coin shall increase liquidity in Zim. It may even exceed expectations since sanctions provide an opportunity for Black market thereof.
Actually Africa should show these white pples that no matter how much they oppressed us we will always run this world. Koz we aid them n in return they destroy our continent how ungrateful