https://www.youtube .com/watch?v=KEtsDgnT8I0

“The gold coins will be available for sale to the public in both local currency and US dollars and other foreign currencies at a price based on the prevailing international price of gold and the cost production,” Central bank governor, John Mangudya READ MORE : https://www.africanews.com/2022/07/05/zimbabwe-central-bank-to-introduce-gold-coin-amid-inflation-crisis Subscribe on our Youtube channel https://www.youtube.com/c/africanews?sub_confirmation=1 and receive all the latest news from the continent. Africanews is available in English and French. Website : www.africanews.com Facebook : https://www.facebook.com/africanews.channel/ Twitter : https://twitter.com/africanews #AfNews

19 thoughts on “Zimbabwe central bank to introduce ‘gold coin’ amid inflation crisis

  1. I don’t know much about currency but I think this is a good move. Hope all goes well for you.

  2. Oui!!!!!Et si toute l’Afrique suivait l’étalon-or, et non l’USD (etc….) This will make Africa not be poor anymore.

  3. Great move, the whole Africa should follow suit and there will be nothing called inflation anymore. Real money is gold and silver not fictitious and rubbish paper.

    1. Et si toute l’Afrique suivait l’étalon-or, et non l’USD? (etc…)

  4. Don’t you think tourists will come and buy all your gold coins with printed money and you will be left with paper money?

    1. I think if I have a good coin I can just smelt it then steal as many coins and voila! Sell who will reach the central bank of Zimbabwe for me? They need to create a gold mining + smelting department in their central bank. They must also fence a gold rich region keep it only for this purpose of protecting the currency

  5. I think that this will help the rich people of Zimbabwe in the short term. The poor people of Zimbabwe will continue to suffer poverty though.😕

  6. Abraham Lincoln, John F. Kennedy, Saddam Hussein, Muammar AL-Gaddafi, and several others when they challenged the financial system not to pay interest on money created out of thin air or create backed currency proposals or propose using other currencies for international transactions , you know what happens. This is what happened to those mentioned at the beginning of the text.

Comments are closed.