?? Work at Pickup Points � Flexible schedule

Zimbabwe economy: New gold backed currency replaces local dollar

Al Jazeera English 71 views

Download Video

Comments

Currency which was forbidden 25 years ago would come back to Life so Dump the Standard Card Deck because Uno Card Game Rules the World
Comment from : @hemantparakh6462

Hi! Chúc các bạn ngày càng phát triển
Comment from : @hoangphuco830

this is so funny
Comment from : @lmaolaurent5728

US: Thaths illegal You need democracy!
Comment from : @MA-lb8dq

Changing currency faster than close 😅😅😅
Comment from : @Dalf80s

I wonder if that financial analyst really is one given that statement
Comment from : @ChilemuKawanda

A currency backed by Gold ? Fantastic ! Really hope it helps
Comment from : @edgarbenjoseph

"He who believes in the Son of God (Jesus) has eternal life, but he who does not believe in the Son will not see life, but the wrath of God remains on him" (Bible - John 3:36)
Comment from : @saldaterra4724

I want to change the money 100 dollar from Zimbabwe change in Zambia ❤in much 😊
Comment from : @BornwelMunthali-fb9be

Zimbabwe changes currency every other week
Comment from : @Jojohumf

Its almost as if having black leadership is not a good idea or something
Comment from : @ac-ir9gs

Zimbabwe is moving 👍👍👍👍
Comment from : @AmisoMuyohira

The best choice ever to back the currency by Gold This new currency is nothing like the past fiat currency which weren't back by Gold, so the new currency have the value of real Gold It creates more reliability and stability to the Nation's Finance and Economy Inflation is only caused by greedy people who are on top of the chain not by Nation it self When paper money worth nothing keeps being printed while the Nations debts keep rising just because the resources being depleted due to being sold dirt cheap to billionaires of the world, while they are the ones getting most of the profits These dirty scumbags that the ones need to be accountable
Comment from : @srikandiwarion1422

The new currency is a front for the central banks to buy more time to lie to the zimbabwe people!!! Its still barely worth anything!!!
Comment from : @chazzw5388

Rubbish gate away
Comment from : @DanielMwanunura

LOL
Comment from : @atomatman3104

A gold-backed currency is indeed the solution The problem is if the government is handling it There's no way they would not be tempted to print more than the gold value
Comment from : @bulldogrocks

You all know that $ 1 000 000 000 note is worth a fortune at auctions
Comment from : @Rwizy_Nokutenda

go dollar to toilet
Comment from : @amiigose

I can smell the gold mafia making plans to smuggle that gold in exchange of regular items 💀
Comment from : @ritobratade4465

All the country around the world should follow the Zimbabwe ditch the us dollar toilet paper
Comment from : @Amailn

Well done Zimbabwe we are proud of this great work you are doing
Comment from : @danielrodwels1

I'm not very much optimistic Trouble coming soon
Comment from : @TheAssociateChannel

Well done Zimbabwe 🙏
Comment from : @bayandabhembe9815

It will work
Comment from : @Getoffyourazz

Step in the right direction 🙏🏾
Comment from : @F_almightyS

They should use just digital currencybrI don´t see a banknote since 2020 in my country
Comment from : @Leoterio76

Zim gold cooking oil
Comment from : @Be3nz

Africa is rich in natural resources, including gold, diamonds, oil, uranium, and iron ore, but it is also the poorest continent in the world 😢🤔🤔
Comment from : @SOMTRUCK480

I hope the government grows the economy and not cause people more poverty with this change I wanna see how this currency is going to help poor people develop if it’s real gold/silver
Comment from : @labakes1389

Just watch how the US will try to stop this ! May other countries follow suit quickly ! 🩷✊🏼🥳
Comment from : @labakes1389

Moving to Zimbabwe
Comment from : @fredhampton321

Yes! It Works but Some Transactional Fees have to be done for on All Thresholds of Invoice Incomes
Comment from : @lokesh303101

Another one 🤦🏾‍♀️
Comment from : @TheTandisLivingtheGoodLife

Global Trends such as de-dolarization, downstream industrialization, tech independency, etc must be kept rolling brsuch that, not so easily bullied by those hegemonic nations
Comment from : @jayjaywoodland

why are most zimbambweans very huge in physical body?
Comment from : @harrisonmuturi2426

As long as the world is a slave to US dollars Nothing will change
Comment from : @musiconabudget3712

All this problems are proudly sponsored by US sanctions from mugabe times
Comment from : @pius2legit

Paper Money is a total fraudulent and instrument of oppression and slavery
Comment from : @oap851

No African country can build her economy aloneWe need to unite Africa as one country, one currency, one army, one constitution, one market, one president
Comment from : @petermakaumutuku9150

so biased that out of the entire country, you went to Mbare to film this 😂
Comment from : @tanaka4016

Did I just see a 100 billion note?😶😶
Comment from : @coletaama

How anyone still accepts their money? I guess dollarization
Comment from : @santostv

Zimbabwe is best country
Comment from : @deardevilmore9268

Zimbabwe needs a new currency every 6 years CHANGE the CURRENCY dose NOT CHANGE the PROBLEMS IN THE ECONOMYbrbrSince gaining independence in 1980, Zimbabwe has undergone several currency changes due to various economic challenges, including hyperinflation Notable currency changes include:brbr Zimbabwe Dollar (ZWD): Upon gaining independence in 1980, Zimbabwe used the Zimbabwean dollar (ZWD), which replaced the Rhodesian dollar at parbrbr Zimbabwe Dollar Devaluation (1983): In 1983, the Zimbabwean dollar was devalued to address economic imbalancesbrbr Second Zimbabwe Dollar (ZWN): In 2006, due to hyperinflation, the original Zimbabwean dollar was replaced by the second Zimbabwean dollar (ZWN), which had three fewer zerosbrbr Third Zimbabwe Dollar (ZWR): In 2008, Zimbabwe experienced hyperinflation, leading to the issuance of the third Zimbabwean dollar (ZWR), which again had fewer zerosbrbr Fourth Zimbabwe Dollar (ZWL): In 2009, due to continued hyperinflation, the third Zimbabwean dollar was abandoned, and the government adopted a multi-currency system, with the United States dollar being the primary currency in circulation However, in 2019, Zimbabwe reintroduced the Zimbabwean dollar (ZWL) as the country's sole legal tender, discontinuing the use of foreign currencies for local transactionsbrbr Introduction of Bond Notes: In 2016, Zimbabwe introduced bond notes, initially pegged at par with the US dollar, to address cash shortages These were essentially a form of surrogate currency, not a new national currency per se, but they played a significant role in the country's monetary systembrbr Zimbabwe Dollar Reintroduction (2019): As mentioned, in June 2019, the Zimbabwean dollar (ZWL) was reintroduced by the government, effectively ending the use of foreign currencies for domestic transactionsbrbrPlease note that these currency changes are a simplification of a complex economic history in Zimbabwe The country has experienced significant inflation and currency instability over the years, leading to frequent adjustments and changes in its monetary policies
Comment from : @rikehm3735

I think if this was something serious, the US would have already sent a warship to deal with this president
Comment from : @adammer4229

West: Zimbabwe needs to be liberated from terr*rists, gen*cide, human rights violations, weap*ns of mass destruction, antisemitism, dictators, etc etc
Comment from : @hans6304

Al jazeera,paper currencies and gold etc are the biggest scames in entire human historywhat actual economy is,most of us dont knowactual economy is food production,industrial manufecturing and advanced independent education of science and technology and above all,strong and independent defence which means,all weapons locally madeetc etcetc means every essential thing that a civilization needs to keep on thrivebrSo, new bullshit paper currency backed by another bullshit gold is not a guarantee of a good economy
Comment from : @MalikTamim

ANOTHER KIND OF CHEATING !!!
Comment from : @_Stranger77_

I better use my usd now
Comment from : @angelinekakurwo8836

This is a fantastic achievement
Comment from : @FreeVortex-py4oo

How’d that land reform workout for you Zero sympathy for your crappy country
Comment from : @xeero24

It's good starting trend for Africa
Comment from : @siriusman6169

Policy change and proper management of the money printer is key to keeping the new currency afloat, but unfortunately knowing our Gvt they will do something dum
Comment from : @tapiwachifunde4921

More dollars than cents…
Comment from : @johnbroadbelt

The best move by Zimbabwe
Comment from : @gaza1677

It's better than western propaganda for Money
Comment from : @absiddique139

First focus on citizens education and manpower and hard work for you're country
Comment from : @bhanuchandra28

Use Bitcoin like Latin countries
Comment from : @stevefirsake899

the reserve bank has 1,5 tonnes of gold zanu is smuggling 200 million worth of gold every mounth
Comment from : @palesamakara6102

The president of Zimbabwe will soon be found guilty of human rights abuses by the United States and they'll invade the country to bring it democracy
Comment from : @masterlightjames950