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- เผยแพร่เมื่อ 19 ต.ค. 2024
- Why Zimbabwe is Using Gold as a Currency | Vantage with Palki Sharma
Zimbabwe has launched new digital tokens backed by gold. It’s a move to replace the country’s actual currency - the Zimbabwe dollar. What explains the move? Palki Sharma explains
Zimbabwe | Gold | Currency | New Digital Token | Zimbabwe Dollar | World News | Trending News | Latest News | Firstpost | Bitcoin | Digital Currency | Zimbabwe Economic Crisis
#zimbabwe #gold #currency #digitaltokens #dollar #worldnews #trendingnews #latestnews #firstpost
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![일상 속 기분 좋음 [Proto disco meme]](http://i.ytimg.com/vi/DwmEIaZ7XGQ/mqdefault.jpg)
We have a brand new show - Between the Lines with Palki Sharma.
Our first episode is about Operation Kaveri - a result of decades of engagement and exchanges between India and Sudan. Check it out here: (th-cam.com/video/wcvgKceS0eU/w-d-xo.html)
So let me understand that five thousand years of History being proven out is now an experiment in Zimbabwe. 😮💨
🤣🤣🤣🤣🤣
If you want to see the end result of these so-called experiment. Why don't we look at history books 📚😂
except that all governments in the world print money and thus devalue it, unlike fiat currencies gold and bitcoin cannot be printed
LOL! Here is a History Lesson! First they had nothing but commodities to use as Gold, such as wood and salt. That's called barter. Then they realized, wouldn't it be better if I sold my wood and salt instead of having to keep it as my money? So they started using Gold and Silver. Then they realized, they still had the same problem because Gold and Silver are also commodities. Why are we using something valuable that is basically like using Gold and Silver to track the score of a Basketball or Baseball game? We should be using something worthless, such as paper! Commodity and Gold backed currencies constantly failed. Why, because they either kept running out of the commodity or got stuck with too much of it and they became bag holders! Imagine someone with all this gold and nobody wants it! One guy in Japan cornered the Copper Market and then got stuck with all the Copper that nobody wanted! LOL! Before 1971, a depression and poverty hit every 10 years simply because the USA didn't have any more Gold for their ever growing population. In 1776, there were only 2 million people, so they had plenty of gold coins to print and give to people to trade. How many billions of people and coins do you need today? Would you work for 1 gold coin per year? Remember gold is rare and literally finite. In every accounting trade to buy food, you must sell your US Dollar or Gold. You going to buy a burger for a $2000 gold coin? And the same thing happens with gold backed currency because there is finite gold but infinite demand for money. Those countries end up bankrupt because everyone actually wants the gold but there is never enough gold and money. Fiat currency solves that problem because people never fear running out of money in circulation because they know the gov't can always print more. The gov't can't print more currency in gold back currency without literally devaluing their currency.
In theory, what Zimbabwe is doing should mostly work, the price of gold doesn’t fluctuate wildly. What they should be thinking and planning for is the reaction from a certain country that doesn’t like to see such initiatives.
Gold fluctuated 18.5% in 2022, ranging from a low of $1,678 per ounce to a high of $2,058 per ounce. The US dollar against a basket of currencies fluctuate 10.2%. There are pros and cons for both.
My friend you have it all backwards!
It's a CENTRALISED digital CURRENCY backed by ZIMBABWE who SAY it's backed by gold..
So it might as well be digital fiat. How do you trust a Gov that they won't print more than the gold they actually own ? You cant! That's why Bitcoin exists 👌🧐
Well said.
I think gold will only increase in value based on current situations around the world. So i see win win for Zimbabwe.
You funny Haha, how can you compare piper with gold hahaha
Zimbabwean here, thank you for covering this.
Can I ask if you would trust this system that they really are going to ONLY print the amount of money they have in gold??
IE. Gold held , less the debt owed on it, is worth what??
Anyway just asking because I think unless it's physical gold it's a total waste of time and still fiat. (Faith based money)
@@ronburgandy1475 Don't tell me you're from US
Is their "digital" gold redeemable? If not then it's like me creating a "Ferrari backed currency" 1 = 1 Ferrari but never redeemable, any buyers?? I'll give you a good deal 100 "Ferrari's" for your house...😅
@@dibyendudas3350 any idiot can see this plan is moronic unless the gold is redeemable. If not then it's like me creating a "Ferrari backed currency" 1 = 1 Ferrari but never redeemable, any buyers?? I'll give you a good deal 100 "Ferrari's" for your house...😅
The white master race is in the comments $hitting on what is a brilliant plan by Zim
Gold always worked and it will work for Zimbabwe too. History is telling us this.
Not with the type of dunderheads ruling it.
No country have moved from third world to first world on a golf backed system. The gold standard is for already established economies as it stabilizes the market and doesn't super boost it. Zimbabwe needs high growth not stability
I would take gold backed digital currency over a fiat one any day. Kudos Zimbabwe
And if your social score is too low, or you post something objectionable on social media, they can press a button and your finished. It's a bad communist joke on the ignorant
@@necrophage5248 The currency is not a CBDC it's just a token, so according to your argument if they can delete your token balance which is your bank balance, what can stop them from deleting your fiat currency be it USD or any other currency.
@MUNYARADZI MUPONA your are correct, it's from the top down.
Klaus Schwab from the WEF
"You will own NOTHING and be HAPPY"
"You will eat z bugs" for climate change, while they fly around in private jets eating steak.
And good luck going to a bank and exchanging digital gold for REAL GOLD IN YOUR HAND
CBDCs issued by governments, will “be more stable”, but every bit as worthless as their current money, which is backed by nothing. If Zimbabwe has a digital currency backed by gold, they are going to go, from the bottom of the money pile right to the top. 👏👏👏👏👏👏👏👏👏👏👏 great move👍👍. Let’s see the entire world, go back to gold backed currency. Well done Zimbabwe 🥂👍
How is it different?
It's STILL ABSOLUTE TRUST in Zimbabwe Gov.
It could be backed by palladium, gold or banana's you're still forced to hold trust in the Gov... Phh wait that's why their current fiat failed, who woulda connected the 2 🙈
@@ronburgandy1475can they print infinite amount of gold?
When you answer that question, there will be your answer, why they will not fail.
@@nikonikolov1075 ok my friend you're missing it... I'll do my best to explain but it's in plain sight, so apologies if I can't explain it very well, but I'll try. (PHYSICAL GOLD is very very very different to digital "backed").
Here's my attempt to break it down better...
It's a DIGITAL CURRENCY THAT *REPRESENTS* (Or is meant to) Zimbabwe's gold holdings.
So you MUST TRUST that they aren't lying about how much they print how much debt they have and how much PHYSICAL gold they really have.
*You tell me how you can be guaranteed they won't tamper with any of those numbers* ??? They did with their fiat system which is why it's worthless. And to drive the point home there is about 100 claims in "paper" or shares/ETFS/gold bonds etc for every ounce of gold that has been mined.
So if the world's central banks are able to print "gold backed bonds" that aren't accurate why do you think you can trust Zimbabwe won't do the same???
Hope that answers your question? If not then my best suggestion is to think of it this way:
The more transparent something (a monetary system) is the LESS points of contact it has.
For example "fiat cash"
Has:
Fed> Printers> Banks> public user. (And this is a faith based trust fiat system).
*Zimbabwe digital gold* :
Zimbabwe central bank Gold holdings> Zimbabwe Gov debt against gold held> Printers (digital) > Banks (digital) > public user
^ and because of having to trust all of those points= more chance for corruption/false reporting.
This is why Bitcoin has ANY value at all... Here.
*Bitcoin*
Miner (hard capped 21 million cannot be changed) > public user.
See the differences???
@@ronburgandy1475 I get what you're saying, but that argument that "the government will always be corrupt", yeah sure, if u let all the scumbags rule, sure.
Listen this is the first time someone does this, obviously I dont know what is going to happen. However you seem to be in the Bitcoin corner. I'm not. So doesn't matter what I say to u, but still I'll say what I think.
Bitcoin for me is basically FIAT. And yeah I know its limited and whatever.... it's numbers on a screen. Ofcourse it's gonna be manipulated. Its actually easiest to manipulate. Its not real. So gold backed digital currency, yeah we got to wait and see. However if it works like the dollar,then you get gold delivered to your door, if you don't want the digital currency. Which is gonna be a bit weird, but fuck it why not 😂
So yeah that's what I think and maybe I'm wrong, but history teaches us that gold is true money and wealth.
Good luck getting physical gold in your hand. It's a bad communist joke for the ignorant
A currency backed by gold is a smart move
But it is a threat to USA.. Remember what they did to Libya and Qaddafi when they decided that they that their currency used gold or backed by gold?
I'm not sure people understand this move. It's a CENTRALISED DIGITAL CURRENCY THAT RELYS ON THE TRUST OF ZIMBABWE to only print what they have in gold!!!
It's a com job! Might as well be fiat!
Here:
1.Bitcoin is digital can only be owned by holders but VERIFIED by anyone on earth 🌍.
2. Zimbabwe gold digital can ONLY be verified by Zimbabwe Gov, and THEY select how much goes into circulation!
I'm not sure people understand why every attempt to make a digital gold backed currency has failed... It's because you still need to trust the party that says they really have the gold! (Just like fiat is trust they will pay back debt)🙈
It's a failure of a project and terrible idew
@@ronburgandy1475 But isn't that a step forward anyway? At the moment goverments don't even have to lie about gold reserves. I guess the amount of US military in Zimbabwe in the coming months will be the answer. 😂
where is the gold then , not on a piece of paper ?
@Lanie Rose Mangoda that was that time now everyone knows who a they
I must go to zimbabwe ASAP
They Zimbabwe will rise by the almighty power welcome new coins 💪💪💪💪💪
This whole money, currency is a Trust based system. People conditioned to trust, this paper currency holds value. It's the human labour/work creates a real value. The paper currency is just there to preserve the value created by this labour.
Unfortunately, this is not taught in any schools to kids. Probably, governments don't want citizens to question their unlimited paper money printing.
We learned about paper money in government class about 100 years ago. Learned about the gold standard and silver certificates. No idea what they are teaching now.
@@danharold3087 Woke ideology and LGBTQ Agenda.
So true 👍
Terrorists had more gold and silver..price of gold and silver should fall and government should grab Terrorists gold....Banks should adjust funds with other banks
Thats a smart country. All currency in every country needs to be back by gold, sliver or some kind of earth material.
Most of the country's are smart , but not all of them are out of their shackles :S
@@toniilievski3934 Then tell them to use the buddy system. As in trade. And yes a lot are still shackled and needs set free. But for some strange reason the world is going backwards 😂.
@@hardtruthhall7235 Its not strange at all , when 10% of the population feel superior to others and want to rule them all , its normal to go backwards all the time. Big things incoming and if we dont get into ww3 we might start moving forward.
If you're export is more than import, gold and silver currency is good option, but if you import more than it will lead to drain of gold from country
If enough countries and people return to using gold as currency there will eventually be a shortage and the world will experience inflation. The amount of gold available fluctuates. In 2022 it went down by 200 tons. Generally the trend is flat to decreasing. Maybe higher prices would increase mining. Not telling anybody what to do but high gold prices negatively affect industries that depend on gold like semiconductors. Do we want to use necessary minerals for money?
According to a 2019 report by the Peterson Institute for International Economics, about 60% of countries engage in some form of currency manipulation. One advantage to paper currency is that it is NOT a commodity. The country issuing the currency can adjust the amount of money in circulation to moderate inflation and depressions. This of course is coupled with interest rates.
Suddenly, everyone has a degree in economics! So, gold worths less than paper money then we are explained that Ghadafi and Saddam Hussain killed and their countries ransacked because they had wanted go back to the gold standard system. How contradictory are these statements!
El Salvador has NOT failed. Bitcoin is still in the crawling stage. They will thank their president when BTC’s time and price eventually arrive.
Where and how can an individual purchase these Zimbabwe dollars???
It's probably a a thin film of gold.
It’s a scam. We have never used it.
@@inzodarello7251 what scam are you crazy
My words of wisdom: 1) Hope to win, Cope if you lose. 2) The buyer sets the price; the seller determines the medium of exchange. 3) The most fun you ever had probably didn't cost hardly anything. 4) Investors and speculators are not the same thing. 5) A fair exchange puts dinner on the table for both buyer and seller. 6) Don't run away from somebody trying to repay an old debt. 7) Never lend money to someone who will not, or cannot, repay the loan. 8) ...and most important of all: It is almost impossible to make a fool out of a critical thinker.
great move knowing that the best is yet to come 👏 🙌 👌
I can not express my excitement enough for this 🎉my favorite news lady covering my country with her usual thoroughness and captivating speech 😅
Thank you Palki Sharma for being great at what you do. Following the news with you as a guide is refreshing!
If you can exchange digital currency for gold, that will be excellent! Physical gold is really the ultimate store of value, while the digital currency is a mean of trading for goods and services. Go Zimbabwe!
WOW. Interesting what each country is trying to do to stabilize their economy and growth for their citizenry.
People are waking up. The U'S' dollar can not continue to be the standard/default currency of the world.
Gold is money but digital currency is fiat. When the digital currency units are greater than the physical gold then the same problems occur that USA had before 1971. As long as the digital is equal to the physical and can be proven with many independent audits then the fiat digital currency may be successful.
Basically the Fractional Reserve problem will always return unless there is a resistance mechanism
Firstpost: Zimbabwe's current monthly inflation is 70%. not 250%. Digital currency is also experimental. The USA is going for digital currency also. What it means is that it is not cash or paper money and Zimbabwe was the first to use digital currency, because you can use your phone or your card to pay as cash and not pass any paper money to anyone in Zimbabwe, if you chose to do so. In Zimbabwe it is known as ecocash and it is digital. Zimbabwe is better off giving everyone gold coins because gold is the true currency and has a known international value in trading matters. Zimbabwe is the one that has gone forward and everyone else is now following her in not depending on paper money or ordinary silver coins.
Thinking is a skill.
When you use your bank card to pay at the supermarket what currency did you use? Did cash pass from your bank to the supermarkets bank. Answer no
Numbers were transfered. Digital numbers to be precise. Digital currency. Open your eyes and stop being lied to. There is nothing new here
@@ephraimsimabledon't mind him. His primary source of information is state television
What do you mean by "El Salvador failed" ?
El Salvador still has the Bitcoin legal tender law. People use Bitcoin too for transactions. El Salvador economy is growing fast and they have paid off their debt. So, what exactly is the problem?
Hey guys I'm looking to invest. But I don't know anything about the market, any help? As well who can I reach out to?
I would advise you seek professional assistance because creating a strong financial portfolio is more difficult if you have no experience.
Making touch with financial advisors like Margaret Burwell who can assist you restructure your portfolio would be a very creative option.
I agree with you! With her help, I diversified my 25k portfolio among different markets during this bearish market period.
She's extremely knowledgeable about the market and has made a lot of profitable
trades.
Please could someone kindly leave the details of this investment analyst here?
Sounds good but how do you know the gold is actually there if it's digital? Adding the corruption is legendary.
Best wishes to Zimbabwe👍
Zimbabwe is suffering because of the unfair EU & 🇺🇸 sanctions.
Facts
And selfish leaders
Zimbabwe is under Sanctions for many years to this date by the West. Zimbabwe is accused of Human Rights abuses and all sorts of sins. The facts that nailed the economic sanctions was when Zimbabwe took back the Lands/Farms that were confiscated by the White Settlers. I think Zimbabwe was ordered to give the Lands back and refused.
Thank you for giving this economic situation the full context. Zimbabwe refused to allow the COLONIZERS to keep them Enslaved in their own land. America put the sanctions on them because they are a 🤚🏻 Nationalist APARTHEID country that tries to subjegate the global South especially Africa.
@@lf1496 USA is a greedy Corporation backed by oligarchs
As a Zimbabwean I approve this assessment
🙄🙄🙄🤦
Yes human rights are violated hard and it's a tribalist gvt ....other Tribes are sidelined we hope it will change for every one regardless of tribe
Zimbabwe kenya is proud of you go for it. Be the first.. wake up
. From this haters. N join bricks
Such a smart country. All currency needs to be backed by gold❤ wishing you the best Zimbabweans 🇿🇼
Great data, my Love, 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾🙏🙏🙏🙏💎👑
Zimbabwe Fiat gold is like Argentina switching to Yuan....More pain just in a different way.
A currency must be easily divisible, and not bulky.
The queen of info, watching from Cameroon 🇨🇲
Peace be unto you, TRADING HAS NOT BEEN GOING WELL WITH ME, I HAVE INVESTED A LOT OF TIME AND FAILED, I TRADED ON MY OWN BUT EACH TIME I KEEP LOOSING MONEY. I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET. PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH.
The best strategy to use in trading is to trade a professional who understands the market quite well, that way maximum profit is guaranteed. Because I have learned along the way of my investment that research and analysis are important, note that experience is more needed, than luck when it comes to the financial market.
Yeah you're right, most times it amazes me greatly the way I moved fro an average lifestyle to earning over $62k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.
@@mickyjordan2493 Wow buddy, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.
Anyways not actually, what I know about trading almost not much . I make huge profits on my investment since I started trading with an Expert, her trading strategies are top notch coupled with the little commission she charges on her trade.
*I have my funds very well diversified, though I did it using copytrading system from the advisor "Maria Morgan ",a FINRA licensed and regulated broker from the ULCA Anderson in the US.
Good move Zimbabwe
The best investment one can do right now is investing on Forex trade though stocks are good but ever since I swapped to Forex I've seen so much difference
I'm interested I want to move to trade,
can you help me trade?
@chrisandrew3557 Actually an expert broker handles my
trade while I focus on some real estate
with my earnings and make more
I am a beginner and I'm hoping to start
with $10,000. I hope this is not too
small to start with because my dream is
to attain my financial goals within a
short period of time.
I don't think 10k is to small to start with,
all you need is a good broker to guide
you
She is the Lord in trading. Sharing
personal info is prohibited on TH-cam.
But I will drop her Info under this
comment you be fast to copy it.
It will work. I think I will go by gold as it likely will become even more valued when Africa starts using it.
Mrs Lucy Mary the Bitcoin trader is legit and her method works like magic, I keep earning every single week with her new strategy
@joseph Mally how do I possibly reach out to this trader as well please 🙏🙏
We complain about inflation but want to follow the nato and it's organizations that put the world in this situation on the currency their are more trusting people in BRICS organization that would be better to consult with that issue 1❤Hi Palki ⚘️
A digital token backed by gold is the best idea to date. This what Bitcoin needs to do as well.
Smart Zimbabwe 🎉🎉
This actually sounds like a GOOD IDEA and plan to catch up and surpass their debt-ridden creditors. Gold IS actual money with actual value. You can see why fiat economies would discourage Zimbabwe.
There is no guarantee of gold physical delivery for gold digital currency, which means it's a disguise of fiat currency. Only time will tell
Africa is rising ✊
For Zimbabwe to adopt gold you can't just jump into it. Take a gold coin and make a stable coin out of it. Split it to a manageable value and then allow people to buy it. For example make it 10000 tokens for 1 gold coin. That way everyone can afford to use it, and you can use it for basic goods like bread and milk. Enough people buy into your scheme and then you can transition to using the gold based currency as you fiat currency. As it is a gold coin is way too expensive and you can't use it to buy bread or daily necessities with. By keeping the value low you can also keep the gold in the banks instead of having people walking around with precious commodities.
buy silver, lot cheaper,.. one tenth oz of silver is great for daily use. bitcoin also can be used
What quantity of coins are they currently going to produce too keep up the status of their... "coinage "
How much is India likely to undertake hypo-inflation ion view of the success or the RuPay?
Currency is used for trade or as a store of Value(which Gold is), calling Gold a "step backward" is a bizarre statement coming particularly from an Indian whose country has the largest private holding of Gold on the planet,
Brilliant move this... The East African Block should follow suit. 👏🏾
Zimbabwe is great example of how countries should move to gold
Global Trends such as de-dolarization, downstream industrialization, tech independency, etc... must be kept rolling...
such that, not so easily bullied by those hegemonic nations...
Superb news channel. I wait eagerly for your well researched presentations. Wonderful and pictorial and above all highly informative. Thanks Ms Palki. You are superb in FP too as you were in Gravitas.
Maybe you should give it time before you criticise
Virtual gold is risky - if they can't keep inflation in check 😅
Virtual gold in principle is very good and safe,as long as government holds their gold reserves and don't scam their people.
I know current banking system is quite similar to that, in that they lend more than they have. But this could get worse.
I'm not an expert. In fact I don't know a shit about finance system but I know one thing. Zimbabwe at the first place need to get rid off corruption, increase education and infrastructure. Then and only then can slowly become more successful and nothing on earth especially experimental currency cant help them. We will see it soon
Excellent News Update !!! This Channel is getting Big In North America lol
World is moving toward the one currency of world.
Why she doesn't use the term Cryptocurrency in reporting?
Because the Modi government does not like it..,… Very plain to see…
Good reporting, but it would’ve been good to provide context why the economy is currently so bad. It was/is essentially crushed for trying to recover their stolen lands from colonizers. As Indians, the same attempts were made to undermine and force poverty on a country which was faring well before colonialism.
No no no. It was crushed because of corruption.
@@ephraimsimable Look up President Clinton’s crusade on behalf of European ancestry farmers, the never ending economic sanctions that followed, crushing the economy and from that point on, the economy collapsed and never recovered. Let’s stick to facts, not opinions.
Great Idea , Gold always will rock
The real problem is productivity and Zimbabwe is getting that right .Today we are exporting wheat and corn . We were told that we must produce or we shall perish . The agricultural sector was in the hands of the adversaries of Africans but today that has changed ,all praises to Almighty God.
Great move
Thanks so much Zimbabwe
where do you see the price of btc in 5 years?
But who is benchmarking inflation? who are U referencing to when U say inflation is at roof top?
Fu*king Based!!!
So I can finally exchange these zwd? Cool Beans
How many rupees for Zimbabwe dollar?
Kudos. Africa need to rise to global challenges
Wow what an idea.
Go Zimbabwe! The United States placed sanctions on Zimbabwe because they took land from the European colonizes and gave it back to its people.
You can fit a digital credit card in a gold coin and use the coin itself as a credit account
Gold will always hold its value, even more so in the coming days.
very smart!
It is not transferable to physical gold, hence infinite digital gold will be created.
It can only work. There is only one money but gold .. JP Morgan!!!!
digital gold is no gold at all, it's like bitcoin, no tangible assets to speak of
Agreed,- it’s still just playing games.
Decentralized Digital Currency is the Future. XRP & XLM Baby! Both backed by Silver, Gold and other precious metals.
It's problems of sanctions in Zimbabwe not inflation. Get rid of sanctions and inflation will be better to deal not likely get rid off
We wish Zimbabwe will solve thire economic crisis. Come on Zimbabwe.
That is smart
Gold As digital Currency but physically for all d people (Rich &poor),sounds quite off d charts.
Excellent idea by Zimbabwe.
The screen hides it but they pull out about the maximum allowed in USD and because of the small size of the transaction are still charged fifty cents; this is exactly why you don't go digital.
"Digital gold". In other words.....nothing.
Please get your current rates correct.
We dont have 1usd=369 something
Good move best mover ever done
Don't blame her she & her team are just a Journalist group, not economists.
And also in digital currency you don't need paper & printing time, just click the number. Wallaa!
where's max keiser on this??? gold and propeller-head fiat money......what could go wrong?
I would take gold backed coin any day compared to bitcoin or fiat.
the reporter carried the channel. very nice.
ask how far is that day when indians will use their gold jewellery like currency like them in zimbabwe
Gold is largely unsuitable as a currency for consumer purchases because its value greatly exceeds that of all items. It is only useful for major purchases and that does not mean appliances. If you pay for a refrigerator or stove with gold the merchant will have to make change. But you can pay for a car with a few gold coins.
Gold can be processed to come in a variety of different weights, which would be worth a variety of corresponding prices. One ounce of gold, or one/fourth of an ounce of gold, or one/tenth of an ounce of gold are different prices because of the amount of gold they contain by weight, respectively. This is why gold is VERY SUITABLE as a currency --besides the fact that it has historically been a great preserver/store of wealth for many centuries.
@@Craigx71 A one ounce gold coin equals $2000 USA dollars. A tiny one-tenth ounce gold coin is worth $200 dollars. Gold is too valuable to be of use in everyday shopping. Silver is a closer match to the price of goods being sold. The cashier will soon run out of change if you give her $200 for a $10 item.
I think the currency used in Zimbabwe is called Bond and they use Eco Cash.
Not Zim Dollars.
Digital currency mean your money are not in your own hands
Today we already have options. Cash or fund transfer via digital tools... eg handphone
It will work
It will work better if they put the bust of Ron Paul on the coin.
ZIMBABWE FIGHT FOR FREEDOM'S FROM THE BRITISH
WHERE IS THE PROGRESS.
wise people
Unless USA gets hurt, this ploy should work and infact must be adopted by all many countries.
Proudly Zimbabwean
Bitcoin is the only Digital currency hope against all this money printing Inflation issues.
Congratulations
is peoole not going toi melt the gold n sell it, in zimbabwe.