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Zimbabwe Rolls Out New Gold-Backed Currency to Tackle Economic Turmoil | Firstpost Unpacked

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Magombiro
Comment from : @ProudMacheza

Lie we never used india currency
Comment from : @uncleortho

The question is who trust Zimbabwe? Accountability and corruption are challenges ahead
Comment from : @reyadbaichoo2155

Mention the sanctions imposed on Zim so they will fail
Comment from : @WOW23455

3:12 you mean the forced eviction that had done to white farmers (slaughtered&raped) which has caused their own starvation as no one knows how to do good farming, right? Okay
Comment from : @Digziest

Does Fifty billion dollars exists?
Comment from : @bonifacealphonce490

Why these stupid broadcasters show ugly videos of Africa 😢😢 shameless coz most of these video shots are not from Zimbabwe
Comment from : @JohanNelle-t5r

We pray for the success of Zimbabwe ❤❤❤
Comment from : @greatsena

Now Robert Mugabe is gone, hoping white zimbabwean return to zimbabwe to rebuild the economy Also hoping Mugabe's family could not return to power
Comment from : @adolphdelatorre3102

Love from Malaysia We sincerely hope it's work as a model and pioneer
Comment from : @jolselanjur

Whp has done an audit to ensure they DO have gold to back the currency? Last I heard the gold vaults were empty!!
Comment from : @mabaker391

Goverment buget spending should always transperantly match that of taxable revenue,brThe best way to keep buissness from fleeing your country with over taxation or inflation is to invest mantain currencies value with asset backing and conservatively invest into balanced infustructer that will increase growth ( Schools that work with buissness, to keep everyone working, development of inavation and trade)brNone investment spending acts to eroded the value of currency
Comment from : @aaronb8698

There is no gold in Zimbabwe
Comment from : @JerryLewis-tp5et

HI good morningbrICC international cricketbrSRI LANKA R PAMADASA CRICKET SITDIYAM We live last timebrUnited WOLD LOW of Sri LankabrDA location in ManbrMR desanayka ABNS CELING TECH SUPERVISOR brIS ZAMBAWAY CENTRAL GOVERNMENT LOW MR OLDER CAP IN BUS KNOW
Comment from : @KingBoy-n8q

Best of luck Zimbos, don’t f**k it up
Comment from : @Frankabagnale33

Our brothers and sisters are fighting hard Amis negative external souces and forces
Comment from : @D1Freezer

Well done
Comment from : @abbibindivhu1195

Perhaps peg your zig currency with hard currencies, gold, silver, corn and rice while getting all civil servants except agricultural, technical university professors and medical workers to contribute labour to food production such as corn, rice ,cassava and breadfruit etc
Comment from : @azmanrahim9226

Great first step to the brighter future ahead has been conducted, Well done Zimbabwe!! Gold is the only way to stabilise the Nation and the world's Finance Bravo!!!👏👏👏👏💜💜💜💜💥💥💥💥
Comment from : @srikandiwarion1422

Nonsense
Comment from : @tonymtambanengwe6367

All African countries should do this! Make the ZiG an AllAfrican currency! ❤❤❤
Comment from : @ruqayyahcurtis7504

1 dollar equal 1 million Zimbabwe
Comment from : @CRYPTOCURRENCYEXCHANGE-p5m

A good leader? Wait until he comes Putin himself
Comment from : @TumeloMolotsi

I cant find any bank in the US to exchange it😢
Comment from : @elizabethmatl2713

Unfortunately they are to corrupt
Comment from : @samueldudley5590

I think africa should be more like this❤love you africa🇨🇦
Comment from : @MelahEagle

Nothing GOOD will ever come from Zimbabwe currency,,why advertising MONEY 😂
Comment from : @williamndunduri

There is a reason why America ditched the gold standard in '71 You cannot sustain a modern economy on gold!
Comment from : @GhostFan4Life

Not surprisedFundamentals which destroyed ZiG predecessors,Bond and Bearer cheque are actively at play, notably rigged and disputed elections, currency manipulation by the Central bank, money printing, overarching control by corrupt politicians,compromised Governors,lack of independence by Central bank,primitive accumulation of wealth,ineffective supporting instititions like ACC etc etc but above all ZiG will die a sudden death as long as it does not buy certain essential commodities like fuel, passports etcZig will initiate unprecedented demand for the US$ as motorist hunt for it to buy fuel and passports alike
Comment from : @zonabimombeyarara8875

Standing with Zimbabwe, and praying this is the change needed for advancement 😉
Comment from : @falisaasberry6491

“Africa Rising!”
Comment from : @sophiawharton2424

The only opportunity here is in those gold coins invest in those buy them as much as yu can,, that paper shall is useless the reserves back up value can't even meet demand
Comment from : @ruwotawanda6520

Vk
Comment from : @ColletaAbudd

But firstly they have to have ATMs ,at patrol station,At malls because to have money without enough banks it's waist
Comment from : @busanidube715

Perfect policy, Gold is real currency!! Well done Zimbabwe!
Comment from : @Beenemalist

Zimbabwe is moving now
Comment from : @AmisoMuyohira

They did in silence that’s the only way for AFRICA don’t let the west to know your next move Let’s go Zim👏🏾🫡
Comment from : @Nevernice219

Remember the Sactions were dropped! This is a go move for our Motherland Zimbabwe 🇿🇼
Comment from : @semimoyo7591

US has killed so many countries in africa with the help of the bad leaders they dont even give a dam because of their greed May God help Zimbabweans with good leader to rebuild the country
Comment from : @tuscanatuscana2190

Seems like an inherent issue with paper money, overissued and forged notes, with national reserves investing in the dated tech to print this 'counterfeit-proof' technology Its time to be digital-first about money
Comment from : @pprraanniitthh

Wow good news
Comment from : @EkaConsty

🙏🏼🙏🏼🙏🏼❤️
Comment from : @HURCNchristine

Nearly 10 minutes of reporting but you still left out that this is due partly to the heavy sanctions put against Zimbabwe 🇿🇼
Comment from : @SipheDlamini

Now no can stop jimbabve Every country should move to fake currency to gold backed currrancy
Comment from : @Annadatasukhibhavah

As a Zimbabwean millennial that’s lived through all these iterations and failures of our govt, I’m exhausted and have little hope and trust left in our leadership I’m glad to see so many people in the comments supporting this move as good and pan-african and rooting for the people of Zimbabwe, it means a lot for us whose lives have been ruined and hopes stolen over the decades
Comment from : @merynomsa

Smart because if all the African countries goes with their currency back by goldand natural resourcesTheirs dollar would be allot stronger to improve their economy
Comment from : @consciousmind6754

Hi zim
Comment from : @noelncube6478

Several nations have plunged into economic turmoil due to the illogic,inconclusive decisions made by so called elites,bureaucrats who never consult public referenda or decision thus more danger to the locals worldwidebrIt goes to show that education without logic is nothing even when it comes to state duties
Comment from : @ssemwangaremmy7998

Whoever the engineer of intro graphics,animation is, needs great applause They are a genius,it just attracted me to watch more of yo content
Comment from : @ssemwangaremmy7998

😂😂😂😂😂you got to love it 🇬🇧
Comment from : @garygrayson4211

I'm a South African, I'm their neighbour they have changed currency several times and they will still change again and again How can a Reserve which its citizens don't even trust, lie about Gold that is backing its currency while showing public like 30kg of gold bars
Comment from : @pollen_za

Zimb took BACK THE LAND FROM THE MARAUDING WHITE people, so because of that the west put sanctions on the country, that is what it is all about
Comment from : @kerimaabu1359

Okay gold backed , thought GOD backed😂
Comment from : @sabeloyengwayo9216

Watch the price of gold globally go way up
Comment from : @OnyxPrym

Their gold has already been stolen by insiders
Comment from : @Nonduality

This does not much sense and all those supporting it simply dont get it the USA abandoned the gold standard in 1971 for a reason u cannot sustain a modern economy based on the gold atandard simple besides Zimbabwe does not have enough gold to back up their new currency again the volatility in the gold price will wreck havoc Money is an artificial concept based on confidence return confidence by following basic economics and all will be well Who has confidence in an electronic based monetary system run by who knows who, might as well use bitcoin
Comment from : @malamamumba730

I want to buy 2000 dollars worth how can I
Comment from : @jimcatanzaro7808

Recently i have got a job offer letter by a food industry of Zimbabwe@85000/month is it worth to go there qnd join ???brbrAnyone???
Comment from : @dhirendramishra3753

Brave move, appreciate 👏🎉
Comment from : @karthikk7650

I want to invest 🇬🇧
Comment from : @F_almightyS

Good
Comment from : @Buzzle420

Zimbabwe should use INDIAN RUPEES or CHINESE YUAN Quit USD
Comment from : @knechtknecht2820

bPeople dont understand that the prices of things are never going back down This inflation is deeper than we think Those buying groceries are well aware that the real inflation is much over 10 The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets Wish I could accomplish that/b
Comment from : @MathesonMcDavid

Zimbabwe is a much better place to live than India
Comment from : @bonita799063

this is a prime example of don't believe everything you see on the mediabrthis indian lady said they use rupees in zimbabwe nobody even knows that currency exists😅 nobody in zimbabwe has ever seen or heard of a rupee wtf is a rupee brthe only currencies r the usd and the rand
Comment from : @edmoregundani3058

I hope the united states does not feel a need to bring some democracy to Zimbabwe
Comment from : @alexkazdorf

Means nothing if they lack the will to maintain the peg
Comment from : @NiiAryee

Im not impressed at all by this fake history We all know that zim currency woes were and remain the result of western economic sabotage Nonsense
Comment from : @mrndirangumwaura9936

Well done !!!!
Comment from : @Hiptoys

Can I exchange my old Zim dollars for zig's at the Zim embassy in Pretoria
Comment from : @martinvanvuuren

Good move The west is losing stability so using a gold standard will attract diversification dollars from billionaires
Comment from : @phobosmoon4643

When the "gold-backed" currency has no fixted exchange rate to gold and anyone can enter a bank an get for his or her paper bill the equipment in gold, it's just an other currency scam despite the big grin of the Presidents of Central Bank while presenting it These scammer try it again and again, they can't but shit the stupid guy
Comment from : @startup2017

Good move,correct decision but the execution of this move matters Discipline is now crucial,hope those ruling elites scale down their demands for luxuries so the central bank won’t have to print extra money that is not properly backed by Gold reserves If they show discipline with funds,this will be a game changer for Africa Every multipolarity person is rooting for Zimbabwe to succeed,please don’t let us down
Comment from : @ronaldmadziro5679

Wat happened to the gold reserve which was in the RBZ vaults in 1980 when they took over…… well we all know that they looted it until it was empty 😂😂😂
Comment from : @ZimboMagicTV

India should do it too
Comment from : @Manishkumar-ns4pr

They can do transactions in Africa with their own money❤
Comment from : @Zack-w3r

The only currency that works in Zimbabwe is Rand and $ thats it the chines and Indian paper mmmm Zimbabweans vouch those are added lies
Comment from : @blockbastermovies3155

8:51
Comment from : @paulkapora

Zimbabwe joining BRICS
Comment from : @IceCream-8668

Zimbabwe going to get some liberal democracy
Comment from : @Herestheverdict554

RAS HOUSE MUSIC 🎶 LABORIE BEACH ⛱️ ST LUCIA
Comment from : @gibbonholder3274

Politicians will eventually print lots of the new currency like the US
Comment from : @gregorychalmers2466

Still won't work because all their leaders are corrupt AF We are talking about leaders that sold their citizens to become slaves
Comment from : @LazyWay-m1w

that is a smart move since gold is only going to go up in USD
Comment from : @pajewlz5825

This currency is a joke! At 25 tons, the total value of their reserve is $137M Thats 1/10th of Apples daily revenue!! It’s going to crash and burn like every other form of Zimbabwean currency! I am not a fan of what the US govt is doing to the dollar, but the answer is not this crap!! 🙄
Comment from : @financialninja3180