Did you notice that that economist said totally nothing in many words. He didn't address anything he has absolutely nothing to say. He is trying to hide the fact that Zimbabwe has no gold that they lied that we have. Why bring in Zambia and other countries? Does Zambia use ZiG?
@@moe_ramz that isn’t going to solve anything, if government systems themselves are essentially useless because of rampant corruption on a high level, South African has more gold than Zim but even SA knows not to risk your whole currency on something that can be depleted
Exactly bro it's the same question an ordinary Zimbabwean citizen asking them selves beside which side of party they vote to lead the state and it's citizens if the producer of the currency doesn't accept it them selves as money what makes an ordinary citizen to believe such is money and has value to buy basic human life needs in a shop
Zimbabwe should just join the CMA already! It’d mean: 1⃣ Lower Transaction Costs - easier trade with SA, Lesotho, Namibia, Eswatini. 2⃣ Increased Stability - better inflation control and stronger currency policy with the Rand. 3⃣ Restored Trust - a currency backed by ZAR would give people confidence. And we’d still keep a local currency; it’d just be linked to the Rand for stability. This doesn’t even have to be forever-think of it as a 30-year plan to get our economy on track.
I remember some of our fellow Zimbabwean siblings posting videos about ZIG being better than the rand, literally making a video comparing the two on a split screen Anyways this is devastating, Zim will find it's ground one day, they have resilience, they try and try after each blow
Did you notice that that economist said totally nothing in many words. He didn't address anything he has absolutely nothing to say. He is trying to hide the fact that Zimbabwe has no gold that they lied that we have. Why bring in Zambia and other countries? Does Zambia use ZiG?
Zanu PF govt has been pushing propaganda on the currency for a long time. This is like the 5th failed currency. This guy is a joke
A peace of paper it's human beings who determines it's value not God this life is something else
Wasn't it gold that was supposed to mitigate the devaluation in the ZIG?
Why are they so stubborn to join the Rand monetary system, like other countries in SADC
Because they have enough gold.
@@moe_ramz that isn’t going to solve anything, if government systems themselves are essentially useless because of rampant corruption on a high level, South African has more gold than Zim but even SA knows not to risk your whole currency on something that can be depleted
Because ZANU PF suffers from a terrible disease called tribalism
Because they wont follow the rules of that system or if they join they will try and influence and destabilize it with their failed economic policies.
Harder to enact corruption
When Politics is bulldozed into economics, the currency and other things collapse and ZANU-PF has repeatedly failed to see the Elephant in the room.
At this point just adopt the Rand officiallly.
It's crazy the government in its departments don't want to accept their own currency. How do they think the public will buy into this?
Exactly bro it's the same question an ordinary Zimbabwean citizen asking them selves beside which side of party they vote to lead the state and it's citizens if the producer of the currency doesn't accept it them selves as money what makes an ordinary citizen to believe such is money and has value to buy basic human life needs in a shop
This economist is talking no sense at all ,cause he is not answering the question.
Zimbabwe should just join the CMA already! It’d mean:
1⃣ Lower Transaction Costs - easier trade with SA, Lesotho, Namibia, Eswatini.
2⃣ Increased Stability - better inflation control and stronger currency policy with the Rand.
3⃣ Restored Trust - a currency backed by ZAR would give people confidence.
And we’d still keep a local currency; it’d just be linked to the Rand for stability. This doesn’t even have to be forever-think of it as a 30-year plan to get our economy on track.
No difference between Zig and toilet paper
True❤
Mbavha ... currency changes a chance to steal
Nxaaa
this economist is talking no sense at all and not responding to questions.
What a mess 😬
The idea was marvelous the problem is always implementation and convincing the adoption by the public.
I remember some of our fellow Zimbabwean siblings posting videos about ZIG being better than the rand, literally making a video comparing the two on a split screen
Anyways this is devastating, Zim will find it's ground one day, they have resilience, they try and try after each blow
Hmm is right
All the economist say is ahhhhmmm blah blah uhh blah blahh ahhh idk blahh umm ahhhh
Sunction or corruption
It's now R396 Mil reserves
Ahh shit, here we go again.
Zig zag it's a basket case run by gangsters
3:05 hmm
😢
Ridiculous nonesence
😂😂😂😂😂😂😂..