ZIG currency: A hit or miss for the people of Zimbabwe? 

U guys again sho...

@@busisiwehlophe3422 Imagine investing in Bernie Madoff or Sam Bankman Fried even after they were caught?

Don't invest my brother

You are making a biased political statement.

Be careful

Only in Zimbabwe

The other currencies didn't have gold.....we are zigging here

@@Seth-kt5bz what happen to gold coin. Everything start from fuel if yuu say zigg cant buy fuel who are yuu trying to fool here pluz dont ever trust those thugz 2 .5 tones very little for back provided

Can't you see this is a new initiative or you don't even follow

This one is backed by gold and the last one collapsed because of printing out money to solve debt which they would have learned

Hey we've been using multicurrency business chooses their preferred currency others accept local others don't by current law it is just that any currency works besides there is fuel stations that accept local money

From SA, Everything start somewhere brother, This is the right direction don't be discouraged.

They will start accepting it don't worry...be positive

We cant buy fuel or pay for passports with it, do the math

@@tendairobsonchiwara7443 I am very sorry to hear this. I am sure they are going to improve it.

@@shopekassie good answer, They should start somewhere.

Great question, the white shirt with pictures dude won't like such questions.

Those questions are not liked. 😂

​@@jimmycricket5366😂😂😂

They will tell you about Thabo Mbeki😂

Because their economy is in ruins. They produce nothing and import everything. Even their mining produce is exported to China to pay of their huge debt and financial problems

Neither is the Zig. Do you just believe cheap talk with no proof or audit or anything.

@@jimmycricket5366 Exactly, the ZIG is backed by a lot of bullshit at this point, we don't need any audits to determine that.

I don't think so 🤔 I don't trust the ZIG because of the bad reputation of the Zimbabwean government .can't trust political conartist with my finances just like a farmer would not a wolf to look after their sheep ...

If Zimbabweans earn in rands, and its weaker than the ZIg, hallelujah, it will not be worthwhile for you people to be coming to South Africa. What you earn here would be of low value. We are happy, but knowing you lot, its all false again.

Exactly

Of course it will go worldwide. Just like Petri said, it wont happen over night but since gold is universal, it is plausible that ZiG will be used internationally

​@@eyenobong2109Nothing has changed. Two tonnes of gold is nothing. The same RBZ had five tonnes of gold from 1980 but foolishly sold it all in 2004.

Do you know what is called SKR, NI43-101 or JORC Reports. If not then why would you say it's little amount of Gold. I rest my case.

What l am not getting? Why are people so invested in the failure of the national currency. People are not appalled by the a country using another country's national currency. USD is USA 's national currency. NO COUNTRIES are being sustain by forex exchange without it's own currency. TWO many external interest in Zim .It's a geopolitical battle ground .

Exactly, it tells you all you need to know. Funny how there have been so many iterations of currency... All failed. Oh she forgot the "Special Agro Cheque" which was yet another failed Zim currency!

It will still stay strong in 5 years if not stronger. The one trillion notes you are joking about was worth ca $18000000 by leading firms of the world a decade ago just as a reminder. What once was lost can be regained, what once forgotten can be relearned.....

BRICS Currency is coming. Hold your horses bro.

The Zig is not gold backed because it cannot be redeemed for gold. It's really that simple.

@WarrenGaum Please read Economics Textbook to see that that's not how things actually work.

BitCoin what what will not replace Gold, Why are central banks bying Gold if its not the future, Crypto is Future yes but will never replace Gold

@@immortalityreigns6352 Bitcoin does not 'replace' Gold. Gold will still be valuable as an industrial metal and ornament. But not as a store of value. Its history of manipulation by central banks is well documented. But guess who Bitcoin replaces? Central banks. The ability of unelected men to create currencies out of thin air is destroyed by Bitcoin. Money is now separate from the state, groups and agendas. Value is neutral again in bitcoin, because it has a fixed supply and is not censorable. Have a great day.

@@immortalityreigns6352 Bitcoin replaces central banks.

No it's not at all like the Kruger Rand. It's also not gold backed because you cannot redeem the Ziggy for actual gold.

The world misses the point. It's not the currencies Zimbabweans have no confidence in, it's the Government and the ruling party the people are not confident in, therefore they will reject whatever the Government offers them. If the ruling party allowed for free and fair elections which they win openly without all the shenanigans that perennially follow after every election process, Zimbabweans will happily embrace ZANU PF and will work with them to develop the country. We're backing our currency with gold just over a year after the big Gold Mafia scandal that officials never really explained how it was happening. No credible audit was done on it nor was there a single official statement given by the Government on what the Gold Mafia was all about. How can people then trust these future audits of the Reserve Bank this young man is talking about? There is systematic looting of all other minerals by the very Government officials who are persuading us into this new currency. No one knows how much the country has made or lost from the diamonds. Artisinal lithium miners had the army and police confiscate millions of tons of their ore for nothing recently. The very gold mines themselves are not safe from being forcibly taken over by high ranking ruling party members themselves as we speak. Then there is the general mismanagement of day to day running of Government and the impunity corrupt officials seem to have. So, yah, you see, it's not about the currencies!

Economy is backed by productivity and not currency. Currency is backed by precious metals and natural resources and Zimbabwe has enough so pls safe your energy

Hope in the hopeless? Do you know how rich Africa is, if we had good leaders and management? You don't know what you are taking but its normal, there are always ill-wishers

I know it's crazy. Like asking the fox if he likes eating chicken, as if the answer might be something different.

@@jimmycricket5366 Exactly!!!, it's crazy and I think these news platforms do this purposely.

But it's actually not gold backed because you can't redeem it for gold. It's that simple. Also, I want to know the name of the independent external audit firm who will send a team and assayers to do the external audit. He should tell us now. We want a team from one of the top five audit firms in the world.

It's just hot air.

If not your opinion then plz shut up

You know some Zimbabweans have told me the exact same thing .everytime zim changed their currency was an attempt to con the Zimbabwean people of their USD

​@@rsacitizen6151The lady reporter forgot to mention Zim's "Special Agro Cheque" which was yet another failed currency in the 2000's. 😂

@jimmycricket5366 eish never knew about that one but it's just another way to con their people out of their hard earned money

@aezean5618,just Google searched,yes zimbabwe is a 47 billion dollar economy. Just Google search ( breaking down the 3 trillion dollar african economy by country. zimbabwe is the number 16 richest country in africa. You are Zimbabwean and u looking down on your country.

And on SA land😂😂

Rent free??? Zimbabwe are eating my South African child's future food.

@@peacefulheart1431 ANC is doing that by sleeping with Zanu and opening borders

@@AndrewMcFarlane_1 and EFF as well

@@Ritesh-yy1zr EFF lives rent free in the minds of poor gogos

We have Krugerrand and BRICS Currency is on the way. Creating a currency is not simple, You have to make sure other countries accept it, but is good for them because these are the First steps.

I would definitely buy your currency

LOL.

​@@karabomakwetla4626is your LOL based on ignorance or economics????...LOL