I disagree with the Zambian economist. Gold is strong and stable. Its just the rest of the world sided with the world bullies(US and their allies) who imposed sanctions and manipulating the value of the Zimbabwean currency. They intend to impose sanction on Zimbabwean gold if they were to be used in the international market. Those sanctions are the problems.
Oh shut up have you ever stayed in Zimbabwe... if you did this kind of talk wouldn’t be coming out of your mouth... they busy shouting at the the west instead if taking care of their own people... ziim ws under more sanctions during rhidesia what is their excuse now
bad governance not sanctions is the real issue, we can not shift from Rands, US, bond, Zim dollar etc, the strength of a currency is determined by the quality of governance we have, as no as Zanu is there, no currency will work
He wants to enslave Zambian making them depend on others to do what they have the resource to do for themself! AFRICA MUST DO FOR SELF, AND THINK FOR SELF! (In case my common get deleted) I can't believe NO ONE has thought to make coins mixed with small amounts of gold to bring down the value enough for the common man and woman to use? How could this be that only one OZ coins will be made in a country where the people can't afford them. They are of NO USE AT ALL other than the rich! MORE EXPLORATION! GET UP, STAND UP FOR YOUR RIGHT!
@@robertmayor1569 european sanctions are the problem. The west doesn't want to see Zimbabwe successfull or any other african countries. The west relies on Africa's poverty
PLEASE PROTECT YOUR COUNTRY'S PROGRESS FROM THE FRENCH AND U.S.........learn from the moves they made on Libya. STAY SAFE PLEEAASSEE we in the diaspora are pulling for your success!!! ONE AFRICA
Yes Sir!! Umoja is key in the development of our mother continent. Look into The African Diaspora Development Institute, ADDI. This is one of the agencies I have partnered my U.S. Based company with to aid in the development of Mother Afrika. We thank you and appreciate your support. Ubuntu Ma'at Ase'🙏🏿🇬🇼🇿🇦🇰🇪🇺🇸
@@CapitolVisions You are more than welcome. Africa is for Afrikans. "Urithi wangu ni Balanta na Zulu." I am extremely proud of my Afrikan heritage and our people. Ase'🙏🏿
In all honesty and bluntness, "You are correct!" Credit by any other name is still "Fiat Currency!" I know that the cash in my pocket and the money that lay's in my Bank are simply "Promises kept,and Promises to pay!"
Great move Zimbabwe 🇿🇼 👏 👍..All of Africa must stand to support this..but we all know eats gonna happen right..Zimbabwe is home to some of the smartest people and its been long time in waiting for something
Job very well done Zimbabwe. Even if they buy the coins to melt them, the bottom line is - they purchased the coins, they didn't steal it and didn't use forced labor to steal it while they were at it. Win-win. Also, the $2 or other smaller denominations that he's concerned about aren't the ones that hold the country's economy. It's the big wig deep pockets who matter in the international economy not the $2. There'll still be plenty of those $2 or $100 to be used by the community. They didn't say they are canceling the paper dollars at all. This is a great step. So pleased with the zim government right now!!!
bronze and silver coins are coming soon!!!!! zim all the way. bravo move. africa should follow. Africa's economic brains have found residence in southern Africa (Zimbabwe).
@@geneticmemory9205 take it from an American, the US dollar is about to fail because it's really is worthless. Gold is real, paper money is worthless. The government is doing the right thing. Russia and China is backing their currency on gold
how do one transact in gold coins that only have 2 denominations, 0 and 1200 dollars? you cant transact with this useless coin. if one want to use it, has to sell it all which is pathetic.
@@Olcool Onke is talking on an international level, in which case he is correct. Now for the people there would mix one metal like silver with tin, which would bring down the price so everyone could use it.
@alex emergineer. Don't hold your breath on sanctions removal by the West. Cuba is still 60 years in sanctions from the U.S. as I write. Russia has boomeranged the Western sanctions. Zimbabwe's way out is to use the involatile value of gold. Gold is the original standard of monetary value and a perennial tradable commodity.
💯 Agreed. Gold has only been used historically for very large transactions. While small silver coins would be far more realistic for the average Zimbabwean for everyday transactions. Or better yet copper coins.
@@jasonlawrence2143 Sure, for very small transactions. When you get down to copper you end up where the cost of stamping them out is more then the cost of the metal. That has some challenges but it could be done. A one ounce < English ounce > copper coin has about 35 cents worth of copper at current prices. In an economy where .36 cents USD is enough to actually buy something why not?
How is it that no matter what the International community has tried to do to China, they remain resilient and strong? Top level corruption especially at the leadership level remains the major issue of African nations.
you are stupid for your comments, it clearly shows who you are. What do you mean every country is not like Nigeria. Every country has its own problems. Ye,s we know the sanctions in Zim affected Zim. We African should stand together. We are against the way South Africans are treating ZIM people. You don't need to use the derogatory word about Nigeria
@@malwandemoyo8475 but he's clearly just a China owned talking head for the China owned sabc. Zw should not use their own gold but use fake China money. Chii? China dodi money? Instead of real value? OK, we get it, you think Zimbabweans are not yet aware of colonialism..
Economist will give you the same opinion either way. What does his nationality have to do with anything. he is the economist for the channel on all things Africa
They should have gotten a Zimbabwean economist. This guy is highly misinformed on Zimbabwe. The coins are not meant to be a currency but a store of value in order to reduce the demand for the USD and ultimately reduce exchange rate-based inflation. While I personally don't think this will work, I'm disappointed by the misinformation peddled by the 2.
The problem is political. You can't rule people who doesn't like you. The opposition have been denied their chance to lead us. People then will sabotage these Zanu pf govt until it's gone.
Yusuf Dodia : you should be optimistic rather than pessimistic about the move by the government of Zimbabwe to issue gold-backed currency. I agree with some of your analysis, but not that the Mosa Ou Tanya gold currency will not attract International demand. I disagree with you because the value of gold is and will always be greater than any paper currency such ad the US dollar, British Pound as they have nothing of value to back them up. This bold move by Zimbabwe will be a game changer for the country and a lesson for other African countries that it can be done.
It all because Zimbabwe claimed its land from the Colonial masters. They are being punished for that. It is very wrong. It is the ordinary Zimbabweans that are suffering because of the international community
I'm Zimbabwean and no that's not the issue and Yusuf sadly is very political with his economics. It's very possible for a country to become self sufficient and not need to be an international player thus not needing colonial masters. But that takes discipline and sacrifice, the Roman's used to say wise men would plant a tree knowing that they will never bask in its shade. Till today we still are heavily influenced by the Roman Empire because they didn't plan for their time but generations ahead and when leaders like Ceasar got to big for their own heads were firmly reminded that they're public servants. So long story, twisted as it is, Africa can do better if we out grow the self centered mentality and make efforts to enrich future generations and not the current war heros.
A gold coin with a serial number ( if they in fact have them) is still a gold coin. It's the smaller denominations that need to be tied somehow to gold. (Would work as long as the US don't pull another Gagaddafi ).
1 coin is worth $1600 who many ordinary people in Zimbabwe has that money? even educated people don't have that much money, if i want to buy basics using the coin what do i get in exchange for the difference? It would make sense if there were coins with small ounces of gold to make them more affordable for the greater population.
That would be really tiny money😂. Even if not everyone has it, if even the few who have that money can use the coins, it'd lessen the load on the currency. If that makes sense
WHen I lived in Rhodesia (now known as zimbabwe),..a cup of coffee was a tiki (2 1/2 centsw) if I recall correctly. 1 dollar Rhodesian was worth about 1.50 american. About ten years ago someone gave me a souvenier because he knew I had lived there when Rhodesia became zimbabwe. It was a bill,..I think it had zero's all the way across the bill, and that was after they had chopped 13 zeros' off the number of zerios so they could print it. He told me that a cup of coffe had gotten to the point of costing something like 13 trillion zim. dollars. ARE YOU KIDDDING ME>..........and you think the rest of the world is manipulating zim. currency????? Surely it has at least crossed your mind that the govt. there has the printing presses running full time. Just like other governments,,..only much better at it.
8Western and Europeans countries should stay out of African economies they have bullied African countries more than enough with sanctions. We as Africa can stand our own economy regardless Westerners and Europeans come here to bride politicians while they just here to colonize Africans pretending to be investors. Zimbabwe can provide more than for its people with what they can grow and mine out of their land. The people has suffered enough causing its people to flee their motherland to survive in other counties are already struggling with poverty and joblessness which leads to xenophobia in Africa. Europe and the West should stay with their money problems and let us deal with our own resources. I WOULD SAY ,YES ZIMBABWE DO WHAT IS RIGHT TO STRENGTHEN YOUR CURRENCY AND SAVE YYOUR COUNTRY . VIVA AFRICAN
@@may_beeharuno2195 it's a colonial language, I'd I quote " Europe must stay with there money" then why not there culture, music , inventions ,and language ? Don't be bias and Google has Google translate...
As long as we are buying our oil in USD, nothing will change the status quo. There is a reason why the US is soft on oil producing nations, despite all of their gross human rights violations. These nations are accepting USD for oil, not gold. This is why China has the largest reserves of USD in the world.
They should just use lesser quantities of gold to get smaller denominations for legal tender. I mean not everyone has $1600 that's R27000, yes their currency will rise and beat the inflation as people exchange the dollar for musi wa thunya
I'm from Zim n I agree with Zimbain Economist As long as Zimbabwe is still under influence of international sunction we can use all kind of zimcurrents even pure gold it is not gonna work
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
Rasta hazvina politics izvi gold and silver is money baba enda kotenga gold coin woisa paden. US dollars not backed by anything that's fake money like stocks and bonds all fake
I'm curious how this will work in reality? Plenty room for high ranking looters!! News presenter quoting Roman times is an African embarrassment. Zambian telling Zimbabwe to use Chinese currency in a time of despair is a real mystery to me? He hasn't a clue about what's on ground the worst person to interview.
Right approach moving forward. Afrikan Continent must use gold coin as legal tender and doing away with paper money. Gold coin currency is value based and paper currency has no value.
This gold coin debacle is not going to end well. Zimbabwean economic and financial interventions always end up in failure. Zimbabwe has to address the cause of economic challenges not tinker about with new currencies
The sheep said since roman times its only due to countless money printing governments couldnt afford real silver and copper coins .. gold was the first to go for the same reason
The underlying problem first needs to be addressed. The government needs to restore democracy to the country. Then the economy will recover. Just look at what China has achieved in just 40 years. The same time it's taken Zimbabwe to become the poorest country in the world. Over 40 years ago China was one of the poorest countries in the world. Faced with a rapidly growing population and looming social crisis - it had to change it's political system. There was really only one solution to uplift the standard of living of it's 1+ billion people. And so it embraced capitalism - and opened it's doors to the world. It rapidly improved it's educational standards and put the Chinese people to work. An important point involved embracing the West - and it's huge appetite for goods. China is now the second most powerful economy in the world and its people enjoy a far highly standard of living than at any time in its history. They did all this in ~40 years. They are now a single party democracy. Communism had failed - unable to cope with the burgeoning population and broader world perspective of the people and the growing disillusionment and social unrest of the people. The world has changed significantly in the past 40 years. Sadly there still appears to be a lot of political relics - out of touch politicians - those that still clutch onto their self appointed titles of 'revolutionary' or 'freedom fighter' - who remember their glory days of four decades ago and who constantly fall back on the past to justify their corrupt and thieving ways - as they attempt to redirect blame at the ghosts of the past. Typically these politicians attempt to become dictators - to suppress the political will of the people. Africa is littered with these failing countries. As long as you keep looking over your shoulder at the past - you will keep bumping your head. Learn from the past and look forward to the future.
@@abrahamndlovu1480 Over 40 years ago China was one of the poorest countries in the world. Faced with a rapidly growing population and looming social crisis - it had to change it's political system. There was really only one solution to uplift the standard of living of it's 1+ billion people. And so it embraced capitalism - and opened it's doors to the world. It rapidly improved it's educational standards and put the Chinese people to work. An important point involved embracing the West - and it's huge appetite for goods. China is now the second most powerful economy in the world and its people enjoy a far highly standard of living than at any time in its history. They did all this in ~40 years. They are now a single party democracy. Communism had failed - unable to cope with the burgeoning population and broader world perspective of the people and the growing disillusionment and social unrest of the people. The world has changed significantly in the past 40 years. Sadly there still appears to be a lot of political relics - out of touch politicians - those that still clutch onto their self appointed titles of 'revolutionary' or 'freedom fighter' - who remember their glory days of four decades ago and who constantly fall back on the past to justify their corrupt and thieving ways - as they attempt to redirect blame at the ghosts of the past. Typically these politicians attempt to become dictators - to suppress the political will of the people. Africa is littered with these failing countries. As long as you keep looking over your shoulder at the past - you will keep bumping your head. Learn from the past and look forward to the future.
The coin is not meant for transactional purposes, only as a store of value! When you buy the coin, you don’t receive it physically. It remains with the bank! You get a certificate to prove you have bought the coin!
Weldone Zimbabwe. U shall arise again.
They thought Gaddafis idea would die after killing him here comes Zimbabwe let follow this trend Ghana and all African countries 🇰🇪
Africa for gold. South Africa, Nigeria, Ghana and Sudan must join then all africa will follow. Powerful move
Uganda just hit the gold jackpot too, estimated value of 21 trillion in usd. They should follow zim and use it for currency too.
Fix corruption first, have real democracy, respect of law and human rights and we will be a powerhouse to reckon with.
@@mthokozisilanga4497 the corruption is very annoying. How much can one eat?
Bro these is what I have been saying africa countries need to print their own money to pay their debt.
@@georgeaklie Zimbabwe printed money and collapsed
I disagree with the Zambian economist. Gold is strong and stable. Its just the rest of the world sided with the world bullies(US and their allies) who imposed sanctions and manipulating the value of the Zimbabwean currency. They intend to impose sanction on Zimbabwean gold if they were to be used in the international market. Those sanctions are the problems.
Oh shut up have you ever stayed in Zimbabwe... if you did this kind of talk wouldn’t be coming out of your mouth... they busy shouting at the the west instead if taking care of their own people... ziim ws under more sanctions during rhidesia what is their excuse now
bad governance not sanctions is the real issue, we can not shift from Rands, US, bond, Zim dollar etc, the strength of a currency is determined by the quality of governance we have, as no as Zanu is there, no currency will work
He wants to enslave Zambian making them depend on others to do what they have the resource to do for themself! AFRICA MUST DO FOR SELF, AND THINK FOR SELF! (In case my common get deleted) I can't believe NO ONE has thought to make coins mixed with small amounts of gold to bring down the value enough for the common man and woman to use? How could this be that only one OZ coins will be made in a country where the people can't afford them. They are of NO USE AT ALL other than the rich! MORE EXPLORATION! GET UP, STAND UP FOR YOUR RIGHT!
Facts
@@robertmayor1569 european sanctions are the problem. The west doesn't want to see Zimbabwe successfull or any other african countries. The west relies on Africa's poverty
PLEASE PROTECT YOUR COUNTRY'S PROGRESS FROM THE FRENCH AND U.S.........learn from the moves they made on Libya. STAY SAFE PLEEAASSEE we in the diaspora are pulling for your success!!! ONE AFRICA
Yes Sir!! Umoja is key in the development of our mother continent. Look into The African Diaspora Development Institute, ADDI. This is one of the agencies I have partnered my U.S. Based company with to aid in the development of Mother Afrika. We thank you and appreciate your support.
Ubuntu Ma'at Ase'🙏🏿🇬🇼🇿🇦🇰🇪🇺🇸
@@Alkebulani_Shujaa This is the first Ive heard of the ADDI...Im going to it right now, big ups for the info.
@@CapitolVisions You are more than welcome. Africa is for Afrikans. "Urithi wangu ni Balanta na Zulu." I am extremely proud of my Afrikan heritage and our people. Ase'🙏🏿
Gold coins were used during Biblical times. Keeping Zimbabwe in prayers in JESUS name!
💯💯💯%%% 🙏🙏🙏🙏
Amen
yes! In Jesus name move these people to blessed living and spread the word for HIS kingdom!
Let's keep Jesus out of this PLEASE!! Christianity has been the downfall of the entire continent! Let Zimbabwe be Afrikan. Ubuntu Ma'at Ase'🙏🏿🇬🇼🇿🇦🇰🇪🇺🇸
@@Alkebulani_Shujaa No! Worshipping statues, Voodoo, and putting trust in handshakes and Serpent smile was the cause of Africa's downfall
This coin has value in any part of the world
Of course it will and Zimbabwe will prosper😅
Where can we purchase these coins?
@Nicky Klue sounds like a plan
@@Locococo000-j2d @ a coin shop
@Nicky Klue U balck south africa ar very funny now i can see u guyz dont want zimbos to grow but in other way round u want zimbos to go home
Gold is money. Everything else is credit.
*not credit, it is called: Debt. there I corrected it for you.
wow
@@FuckTheGlobal We do not care about your correction Mr TH-cam corrector as long as we get the message
In all honesty and bluntness, "You are correct!" Credit by any other name is still "Fiat Currency!" I know that the cash in my pocket and the money that lay's in my Bank are simply "Promises kept,and Promises to pay!"
@@NAVYABHAN promisery notes
Well done Zimbabwe 🇿🇼
Wrong move. People will only smuggle it to other countries for sale.
I wish you would come to Zimbabwe and see the state of things
@@tawandahomero2913 I would love to come but I can imagine that the government has failed dismally. However, let us not loose hope hey
@@theonly6359 the only to not lose hope is by having real solutions! Not this bull!
I am gonna buy some coins ~they are beautiful
I was concerned about a certain issue. Now, I see that they are in fact going to put the gold into their entire system. Thank Yah!!!👏👏👏😎
Great move Zimbabwe 🇿🇼 👏 👍..All of Africa must stand to support this..but we all know eats gonna happen right..Zimbabwe is home to some of the smartest people and its been long time in waiting for something
Gold doesn't give you productive power....
WHEN MAINSTREAM MEDIA FINDS "PROBLEMS" ... WE MUST FIND "SOLUTIONS" ! ZIMBABWE DID THE BEST THING HERE JUDGING BY THIS PROBLEM-FINDING INTERVIEW !
Job very well done Zimbabwe. Even if they buy the coins to melt them, the bottom line is - they purchased the coins, they didn't steal it and didn't use forced labor to steal it while they were at it. Win-win. Also, the $2 or other smaller denominations that he's concerned about aren't the ones that hold the country's economy. It's the big wig deep pockets who matter in the international economy not the $2. There'll still be plenty of those $2 or $100 to be used by the community. They didn't say they are canceling the paper dollars at all. This is a great step. So pleased with the zim government right now!!!
Way do u have to melt something that has more value as it is. Your comment don't make sense
bronze and silver coins are coming soon!!!!! zim all the way. bravo move. africa should follow. Africa's economic brains have found residence in southern Africa (Zimbabwe).
Millions around the world want one of these coins including myself.
I need to buy 10 pcs of it for a start. What business should I start there?
22 karats it cost US$1823, just imagine
PLZ THIS SHOULD JUST GET TO.NIGERIA BCZ IN NIGERIA WE HAVE BILLIONIER THAT CAN MOVE TO ZIMBABWE TO START BUSINESS THERE WIT THIS GOLD COIN
This will help with their imports, and should ease pricing of goods for the locals
BullSh|t! this is only for those who have. It will not help the people enough to matter!
@@geneticmemory9205 take it from an American, the US dollar is about to fail because it's really is worthless. Gold is real, paper money is worthless. The government is doing the right thing. Russia and China is backing their currency on gold
how do one transact in gold coins that only have 2 denominations, 0 and 1200 dollars? you cant transact with this useless coin. if one want to use it, has to sell it all which is pathetic.
@@Olcool Onke is talking on an international level, in which case he is correct. Now for the people there would mix one metal like silver with tin, which would bring down the price so everyone could use it.
@@geneticmemory9205
So you saying the ordinary person would have to do, what?
Listen to Bob marley - zimbabwe. The prophecy coming to pass, Zambia stands with zimbabwe always.
That feeling you'll have when you pick up a gold coin
This is why they killed Gaddafi
Yeah 😔
Gold and silver coins is real money that you can’t print out of thin air like fiat currencies.
Yep, unfortunately most of the world is to ignorant to realize this. This is what JFK was trying to accomplish & look at what they did to him for it.
Well done Zimbabwe, you've led the way!!!
USA must remove sanctions against Zimbabwe once and for all.
The biggest sanction is the ruling party not USA
@@dimbwemazala8978 you must be someone who is knowledgeable you even came up with the name,let's see where this is going
@alex emergineer. Don't hold your breath on sanctions removal by the West. Cuba is still 60 years in sanctions from the U.S. as I write. Russia has boomeranged the Western sanctions. Zimbabwe's way out is to use the involatile value of gold. Gold is the original standard of monetary value and a perennial tradable commodity.
@@africanadage852 you must be kidding me that's very very long ,and it's unfair
USA should’ve never been allowed to impose sanctions at all. Why is it only usa that is allowed to do this
Zimbabwe is the way for the growth and economical independence in our continent of Africa
This is a game changer and the timing, I believe, is perfect in light of Russia and China successfully rejecting the U.S. petrodollar.
Silver is a much more practical choice for every day use. Gold is fine but even very small gold coins are just worth too much
💯 Agreed. Gold has only been used historically for very large transactions. While small silver coins would be far more realistic for the average Zimbabwean for everyday transactions. Or better yet copper coins.
@@jasonlawrence2143 Sure, for very small transactions. When you get down to copper you end up where the cost of stamping them out is more then the cost of the metal. That has some challenges but it could be done. A one ounce < English ounce > copper coin has about 35 cents worth of copper at current prices. In an economy where .36 cents USD is enough to actually buy something why not?
@@markhadley1545 GOLD AND SILVER ARE NOT THE ONLY METALS OF VALUE AND THE HAVE THEM ALL.
THINK IT'S NOT UNLAWFUL YET!
How is it that no matter what the International community has tried to do to China, they remain resilient and strong? Top level corruption especially at the leadership level remains the major issue of African nations.
Did you forget that the west moved all of their manufacturing to china?? Essentially fueling their economy.
you are stupid for your comments, it clearly shows who you are. What do you mean every country is not like Nigeria. Every country has its own problems. Ye,s we know the sanctions in Zim affected Zim. We African should stand together. We are against the way South Africans are treating ZIM people. You don't need to use the derogatory word about Nigeria
Thanks Peter for the interview you always make me proud 👌
Great move Zimbabwe
We don't need the us dollar 💰💵
Why use Zambian Economist instead of a Zimbabwean who understands what's going on there..?! Why?!
He's in Zambia, close enough to know what's happening, and not too close to be biased
@@malwandemoyo8475 but he's clearly just a China owned talking head for the China owned sabc. Zw should not use their own gold but use fake China money. Chii? China dodi money? Instead of real value? OK, we get it, you think Zimbabweans are not yet aware of colonialism..
@@malwandemoyo8475 thats bs
you can say that again
Economist will give you the same opinion either way. What does his nationality have to do with anything.
he is the economist for the channel on all things Africa
They should have gotten a Zimbabwean economist. This guy is highly misinformed on Zimbabwe. The coins are not meant to be a currency but a store of value in order to reduce the demand for the USD and ultimately reduce exchange rate-based inflation. While I personally don't think this will work, I'm disappointed by the misinformation peddled by the 2.
yup
So if you have no coin must you starve .Sanctions must be dropped so the poor people can live and have dignity
The problem is political. You can't rule people who doesn't like you. The opposition have been denied their chance to lead us. People then will sabotage these Zanu pf govt until it's gone.
@@nosisantsele4987 thank you we want to go back home my sister it's just tough
Oooh snaps! Pray Ugandans for Most High protection. You are going to needed!!!
Yusuf Dodia : you should be optimistic rather than pessimistic about the move by the government of Zimbabwe to issue gold-backed currency. I agree with some of your analysis, but not that the Mosa Ou Tanya gold currency will not attract International demand. I disagree with you because the value of gold is and will always be greater than any paper currency such ad the US dollar, British Pound as they have nothing of value to back them up. This bold move by Zimbabwe will be a game changer for the country and a lesson for other African countries that it can be done.
We are no longer Zimbabweans we are Vikings now...
🤣😂😂😂😂😂😂😂🤣🤣🤣l can concur stateless, boarderless
No.... You are a bunch of idi@ts that destroyed you own economy with you r@sist ideologies..... 6 months on and inflation still 400%....,,😂😂😂😂
It all because Zimbabwe claimed its land from the Colonial masters. They are being punished for that. It is very wrong. It is the ordinary Zimbabweans that are suffering because of the international community
I'm Zimbabwean and no that's not the issue and Yusuf sadly is very political with his economics. It's very possible for a country to become self sufficient and not need to be an international player thus not needing colonial masters. But that takes discipline and sacrifice, the Roman's used to say wise men would plant a tree knowing that they will never bask in its shade. Till today we still are heavily influenced by the Roman Empire because they didn't plan for their time but generations ahead and when leaders like Ceasar got to big for their own heads were firmly reminded that they're public servants. So long story, twisted as it is, Africa can do better if we out grow the self centered mentality and make efforts to enrich future generations and not the current war heros.
A gold coin with a serial number ( if they in fact have them) is still a gold coin. It's the smaller denominations that need to be tied somehow to gold. (Would work as long as the US don't pull another Gagaddafi ).
True 😂😂😂👌
Gold is gold. I do not agree with the guest. All gold coins hold value.
1 coin is worth $1600 who many ordinary people in Zimbabwe has that money? even educated people don't have that much money, if i want to buy basics using the coin what do i get in exchange for the difference?
It would make sense if there were coins with small ounces of gold to make them more affordable for the greater population.
Perhaps a half, and quarter coins will help
They must introduce silver coins as well as the value is much lower than gold
All of us 🤾♂️
That would be really tiny money😂. Even if not everyone has it, if even the few who have that money can use the coins, it'd lessen the load on the currency. If that makes sense
Gold is not piratical. They need a silver based money
Let's go Zimbabweans.
😂😂😂😂😂
Bye bye at last! 🤣
Zimbabwe should also have Silver as well. Gold and Silver as Currency's. Thank you.
Time to flush all the useless paper money and get back to the real money. Well done zim the rest of Africa will follow suites.
Gr8 analogy especially at the end
WHen I lived in Rhodesia (now known as zimbabwe),..a cup of coffee was a tiki (2 1/2 centsw) if I recall correctly. 1 dollar Rhodesian was worth about 1.50 american. About ten years ago someone gave me a souvenier because he knew I had lived there when Rhodesia became zimbabwe. It was a bill,..I think it had zero's all the way across the bill, and that was after they had chopped 13 zeros' off the number of zerios so they could print it. He told me that a cup of coffe had gotten to the point of costing something like 13 trillion zim. dollars. ARE YOU KIDDDING ME>..........and you think the rest of the world is manipulating zim. currency????? Surely it has at least crossed your mind that the govt. there has the printing presses running full time. Just like other governments,,..only much better at it.
8Western and Europeans countries should stay out of African economies they have bullied African countries more than enough with sanctions. We as Africa can stand our own economy regardless Westerners and Europeans come here to bride politicians while they just here to colonize Africans pretending to be investors. Zimbabwe can provide more than for its people with what they can grow and mine out of their land. The people has suffered enough causing its people to flee their motherland to survive in other counties are already struggling with poverty and joblessness which leads to xenophobia in Africa. Europe and the West should stay with their money problems and let us deal with our own resources.
I WOULD SAY ,YES ZIMBABWE DO WHAT IS RIGHT TO STRENGTHEN YOUR CURRENCY AND SAVE YYOUR COUNTRY .
VIVA AFRICAN
There are no significant sanctions on Zimbabwe.
That is propaganda spread by the ruling regime as an excuse for their failures.
shut up
use your own language to write stop being colonilized
Lol, it's a universal language that will get people to understand what she's saying.
@@may_beeharuno2195 it's a colonial language, I'd I quote " Europe must stay with there money" then why not there culture, music , inventions ,and language ? Don't be bias and Google has Google translate...
I think this is a great idea
I dont agree with this guy. I see why zimbabwe is struggling if there economists think in this way.
This is a gud move ,if all African countries will do so US dollar will go down,,,it will work
Facts and do you know Gaddafi had the same idea 💡 but he got killed🤫🥲
As long as we are buying our oil in USD, nothing will change the status quo. There is a reason why the US is soft on oil producing nations, despite all of their gross human rights violations. These nations are accepting USD for oil, not gold. This is why China has the largest reserves of USD in the world.
@@princebond nigerias oil refinery is just about complete. Things are changing.
They should just use lesser quantities of gold to get smaller denominations for legal tender. I mean not everyone has $1600 that's R27000, yes their currency will rise and beat the inflation as people exchange the dollar for musi wa thunya
Zimbabwean national on a South African News channel engaging with a Zambian economist on Zimbabwean issues.....
Eiy futhi🤣😂🤣
This is Africa for you 😂😂😂
Rubbish
Could never have these talks back in Zim or you risk your freedom. Either way you're informed that's all that matters really
I don't see the problem. It's called the news. And the journalist is a South African citizen, I'm pretty sure, no matter what his origins.
Think positive big up for simbabwe🔥🔥🔥🔥🔥💪🏿💯💯💯
Isn't this why they killed Gaddafi?
Great idea, seems like all this printing of the US dollar is killing it.
I have never seen a confused government like this in the history of governance.
Confused? haha. have you heard our vice president who is also the health minister
😂😂😂😂
Facts
It's strategy....not confused
I'm from Zim n I agree with Zimbain Economist
As long as Zimbabwe is still under influence of international sunction we can use all kind of zimcurrents even pure gold it is not gonna work
And just how many Zimbabweans are going to be able to afford these coins
Not many
The rich like he said
Sad 😢
Pride is killing Zim, why not join the RMA once until their economy stabilises.
True but you know the govt of zw with sovereignty thing...
@@kulhemhlongo They would have to be accountable and transparent.😁No thief wants that.
It's cool we got a lotta gold
This will make problems for the dollar the worlds reserve currency and bonds wont be needed if this udea catches on the dollar is dead .
All Africa and world will join. But America will not allow
This is sad to hear this guy support a Chinese currency, yet shoots down Zimbabwean gold currency. This is a sad day for Africans
This economist speaking is what we call mainstream economist in America.
The problem with Zimbabwe is that it is not Rhodesia anymore. You know it's true.
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
What would stop me from taking those coins, melting them and reselling for us dollar?
Yeah you will part away with the $ before you could do that ...
Tell that sell-out to stop undermining Zimbabwe’s pursuit of strength and independence.
The elite will just stash the coins
I'm planning on stashing them as we ll
ASANTE SANA ZIMBABWE! NOW HOW DO "WE THE PEOPLE" BUY IN???
well done zimbabwe
Rasta hazvina politics izvi gold and silver is money baba enda kotenga gold coin woisa paden. US dollars not backed by anything that's fake money like stocks and bonds all fake
Lets see if it will work
I'm curious how this will work in reality? Plenty room for high ranking looters!! News presenter quoting Roman times is an African embarrassment. Zambian telling Zimbabwe to use Chinese currency in a time of despair is a real mystery to me? He hasn't a clue about what's on ground the worst person to interview.
Well done this is progress
Great news....
Honest money. Enough is enough of trash fiat currency. All countries that have had hyperinflation stack gold.
It's our time as African,
Welldone Zimbabwe.
Will this act of Zimbabwe 🇿🇼 can reduce the Gold price in international market of Gold or it can rise the Gold price ???
Price of gold remains the same coa South Africa, China, Australia, USA etc have gold coins too
It will do nothing
Gaddafi got killed for trying to implement this revolutionary move, just that he wanted to do it for the whole of Africa
Trust me, this is gonna be catastrophically bad, please do not use gold, base a currency on gold don't use gold. please this is a horrible idea.
Go and read about the Gold Standard and then come back here,
It means people are going to exchange thier gold for paper usd
For who you not even given reason behind your opinion.
Gold has value,paper is all speculation
Bot
Really,the idea of printing new currency never worked. I agree with you
Right approach moving forward. Afrikan Continent must use gold coin as legal tender and doing away with paper money. Gold coin currency is value based and paper currency has no value.
If you could make goldbacks wo 100 percent premium it'd solve the transactional problem
Zimbabwe will feed the world apocalyptic down fall
Imagine if all countries in Africa join in on this we would be unstoppable for sure
What happens in between? silver just like it always has
White man came with paper to take your gold😀😂😀😂
black man take farm and he people die slowly 20 years later black man still die
People want a new govt period. With new govt people will have trust in their leadership and noone will sabotage the economy.
Exactly
The fact that there’s trillions in gold in the earths core
This is why a Multi polar world policy is necessary
This gold coin debacle is not going to end well. Zimbabwean economic and financial interventions always end up in failure. Zimbabwe has to address the cause of economic challenges not tinker about with new currencies
Great move
These coins are not for everyday transactions. Its just a store of value
That guy always talk against Zimbabwe u an African start blaming sunctions imposed by the west
The problem came when countries stopped using real assets like gold as tender. They have magic money now.
Why don’t Zimbabwe ask exports of payment in Zimbabwe dollars if they are having faith in Zimbabwe?
The sheep said since roman times its only due to countless money printing governments couldnt afford real silver and copper coins .. gold was the first to go for the same reason
Personally I think this gold coin move is one of the most sensible move for an African country.
It makes people have to pay the value of the coins,so the gold mining countries receive the value of their natural resources.
If you melt it down into another object then it can’t be traced, like jewelry
The underlying problem first needs to be addressed. The government needs to restore democracy to the country. Then the economy will recover. Just look at what China has achieved in just 40 years. The same time it's taken Zimbabwe to become the poorest country in the world.
Over 40 years ago China was one of the poorest countries in the world. Faced with a rapidly growing population and looming social crisis - it had to change it's political system. There was really only one solution to uplift the standard of living of it's 1+ billion people. And so it embraced capitalism - and opened it's doors to the world. It rapidly improved it's educational standards and put the Chinese people to work. An important point involved embracing the West - and it's huge appetite for goods. China is now the second most powerful economy in the world and its people enjoy a far highly standard of living than at any time in its history. They did all this in ~40 years. They are now a single party democracy. Communism had failed - unable to cope with the burgeoning population and broader world perspective of the people and the growing disillusionment and social unrest of the people.
The world has changed significantly in the past 40 years. Sadly there still appears to be a lot of political relics - out of touch politicians - those that still clutch onto their self appointed titles of 'revolutionary' or 'freedom fighter' - who remember their glory days of four decades ago and who constantly fall back on the past to justify their corrupt and thieving ways - as they attempt to redirect blame at the ghosts of the past. Typically these politicians attempt to become dictators - to suppress the political will of the people. Africa is littered with these failing countries. As long as you keep looking over your shoulder at the past - you will keep bumping your head. Learn from the past and look forward to the future.
Well said!
Where does democracy come in. China is not a democratic country and it is doing well.
@@abrahamndlovu1480 Over 40 years ago China was one of the poorest countries in the world. Faced with a rapidly growing population and looming social crisis - it had to change it's political system. There was really only one solution to uplift the standard of living of it's 1+ billion people. And so it embraced capitalism - and opened it's doors to the world. It rapidly improved it's educational standards and put the Chinese people to work. An important point involved embracing the West - and it's huge appetite for goods. China is now the second most powerful economy in the world and its people enjoy a far highly standard of living than at any time in its history. They did all this in ~40 years. They are now a single party democracy. Communism had failed - unable to cope with the burgeoning population and broader world perspective of the people and the growing disillusionment and social unrest of the people.
The world has changed significantly in the past 40 years. Sadly there still appears to be a lot of political relics - out of touch politicians - those that still clutch onto their self appointed titles of 'revolutionary' or 'freedom fighter' - who remember their glory days of four decades ago and who constantly fall back on the past to justify their corrupt and thieving ways - as they attempt to redirect blame at the ghosts of the past. Typically these politicians attempt to become dictators - to suppress the political will of the people. Africa is littered with these failing countries. As long as you keep looking over your shoulder at the past - you will keep bumping your head. Learn from the past and look forward to the future.
Corruption Corruption, the Zims need to fight the global pressures as one people , one Government, one economy
The Zims need to increase production and productivity for exports .New money must b brought in , the population must b put to work
The coin is not meant for transactional purposes, only as a store of value! When you buy the coin, you don’t receive it physically. It remains with the bank! You get a certificate to prove you have bought the coin!
I really hope they is there wealth wisely and don't waste on frivolous things