Discussion | Zimbabwe's new currency "ZIG" 

Yes because of Mzungus

Unfortunately this won't work. Another failed strategy. The only way Zimbabwe will get out of this situation is a change in Leadership

@@survivingwhitezaddy2.5really now?

​@@survivingwhitezaddy2.5white people are also Zimbabweans so as a black Zimbabwean l love my people regardless of their skin colour

@@angawiletennis9798 Their (lineage) is not Zim! Their lineage is european. Please come correct when you're responding to me.

If the ZiG currency is infact strong, why hasn't government taken a specific stance to accept the new currency for import duty, fuel sales and passport application fees etc

​@@KudakwasheBrianMuchini-fd4si 50% of taxes by companies will be in Zig.

The fact that the new currency cannot pay for duty or fuel shows that its worthless

You can have all the gold in the world....Without proper management...it means nothing !!!!

To all the ones who think the gold standard will not work, just simple a question how did the gold standard work before 1973 but can't right now?

Yep

Currency is backed by economic fundamentals eg production and exports not commodities like gold silver etc

Bullshit...That is NOT your point of view...did you listened to the analyst????

Economy is driven by production through service and goods based outcome. Industrialisation and increase in domestic manufacture is a major factor. When Zimbabwe start to exports more and import less then that will be a break through or when Zimbabwe balances their imports & exports. These is basic economy and I wish Zim the best

This is just the peper they must build industrial, farmers, construction company even myself I can print my own money like Orania in South Africa they use their own money but they have the best agriculture in South Africa.

yesss😭💔I feel you

But the integrity... Is it there?

Backed by Gold

Anywhere Which currency is not a piece of paper

The guetion is other countries they can allow that currency ? Zimbabwe is rich with minerals they can build many factors and farmers

You dumb

No dude,…. Zimbabwe screwed itself up, by itself, from poor governance. Mugabe attacked farmers. Mugabe stole the country’s money and put it in offshore bank accounts.

Every country in the world has its own currency, only bankrupt shitholes🤣 do not.

lies, was Zim dollar not Zim's own currency?

You all like to lie to you😂😅

It's not backed by gold. It's not even redeemable in gold, that's just talk as the former minister of finance, Tendal Biti and other economists explained. You forgot the "special agro cheques". 😂

​​@@jimmycricket5366You can believe your economist & former minister of finance. But the fact is they are not the current authorities and they have no solution, only criticism. Let the current authorities do their work and prove that they have no gold. Some of you surely have lost sight of real things. Can you truly declare a country like Zimbabwe has no resource of value like gold. If this is the bitterness of regime change please try and employ other political tactics and allow Zimbabweans an economic breather. Maybe you wanted your little gods Chamisa & Biti to inspect the reserves

@@jimmycricket5366 Stick to what you believe now and let's see who wins at the end of day. So some of you are now desperately looking for farming land simply because they believed these desperate politicians you are referring to

In less than twenty years! 😂🤣😂🤮

Don't lie to pple bcz zig is not yet in circulation. It will be in circulation from 1 May 2024.You are 1 of these pple who are spreading lies about Zimbabwe. The only thing tht happens is most pple don't like to sell in rtgs and Zim dollar since they knw ther is zig coming. Bt it's stl allowed to trade in those currency till end of this month. And US$ will remain in the system bcz Zig is not going to be a lot in the market since it's controlled with how much gold RBZ have in its reserve.

True. Basic fundamentals.

It belonged to Anglo-American et al then, it belongs to Zimbabwe now

A stable currency means a stable economy. They don’t want a stable economy because it means they can’t steal. Zimbabwe is an authoritarian kleptocracy.

It sad that you choose to speak about what you don’t understand. The ZiG constitute 10% of the trading in Zim. Fuel has also been priced in ZiG and Queen B has been barred from trading fuel.

Don't tell us about your street economics. Explain how you came up with that rate

@@PMaps-qp8ug the black market is a business, they do it for profit. There's demand for the black market because 80% of transactions are done in USD. Fuel is in USD, duty is in USD, passports are in USD. FYI the black market is supplied with money by government officials. The last time Zimbabwe released the bond notes money which they've now replaced with the Zig, the black market already had them before the banks and before being officially released to the public. Don't be surprised seeing the Zig notes on the black market before they're in the banks. The fundamentals are wrong and it's set to fail.

Sphatheleni uzolamba

10 kg of maize meal is 100 000zig go and check right now 😅😅😅😅

What were you using it for in RSA?🤔

So the gold found in Zimbabwe is nothing compared to USD or you simply don't understand the relationship between gold & USD

people like you will never succeed in life because of your negativity..stay away

@@courtneyH263 excuse me . Stay away from my country. Are you mad ?? What pipe are you smoking. What a nerve ? Who the f are you ?? Hello this is Zimbo talking not USD lobbyist. Negativity my foot . So success is all and everything American. Every country has its own national currency. Pray tell why do you believe it should be different for my wretched country? USD is the USA 's national currency . People like me meaning black mentality. What is not positive about advocating for the autonomy of my country. ? Negativity that is rich for a puppet. Get a green card and move over there for USD

@@courtneyH263 off course can't take the shovel of Crap hence the sponsorship . My voice as a Zimbabwean is stifled unless l sing the hate for myself and my country. Ridiculous . Go away my foot . Fake democracy and civility . Never make in life unless there is a lobby for further distraction of my country . If you are Zimbabweans why hide ? If not what is your interest ?? It seems you have a licence to denigrate others. Hence you comment it still up . .

What about now?

It's just talk that's cheap... It's not ACTUALLY backed by gold.

No we don't want Zimbabweans to penetrate healthy neighbouring economies with their corruption and destruction.

Speak for yourself

Is it not already 😅

Zim people can go to SA with or without passport 😂😂…………

Zimbabwe has a lot of province and behind in development which will just be a burden to SA more what it is already

🤣😂🤣😂🤣😂🤣😂🤣😂

UK citizens are still asking when their billions of tax pounds that were mismanaged and corruptly allocated to Conservative party cronies and chums, including a company run by the brother of the then health minister's sidechick's brother during covid, will be restored and channelled into nurses' and doctors' stagnant salaries. So take that patronising tripe and hypocrisy about African leaders corruption and play it to an audience of meerkats. Corruption is the blight of politicians, not Africans in particular. Ask Donald and Boris and Zelensky's wife for that matter.😉

What of a zag?😂

😂

😂😂he is sick and old

Someone robbed his zig dollars 😂

😂 we don't associate with madness in BRICS

@@Bbb-ml4gb

If this doesn't work out they'll rush for foreign intervention we all know the biggies of zim and Africa in general are corrupt

Zambia pegged it's Kwatcha a year ago it was strong but not for long honey moon giant last 6Months😅

And sharko😂

Ziggy zaggy.

Zidofo😮 hautonyare

Zidununu iri

Zambian kwacha and Botswana pula value is higher than SA,do your research

Nope Botswana pula is powerful than rand

Botswana Pula is stronger

Easy Math. I USD = 18.70 Rands, = 13.64 Pula, = 24.89 Kwacha. The rand is stronger than the Zambian Kwacha but weaker than the Botswana Pula. He is getting old so he was partially correct.

@@muchit3629 😂cool