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Zimbabwe's LAST stand: Will New Gold-backed Currency Save The Economy?
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Zimbabwe has introduced a new currency called the Zimbabwe Gold (ZIG), which is backed by gold and other precious minerals. This move aims to stabilize the economy and provide a reliable alternative to the Zimbabwean dollar, which has experienced hyperinflation. The use of tangible assets like gold as backing is meant to safeguard against currency volatility. The introduction of the ZIG is part of a broader strategy to achieve sustained economic growth and rebuild confidence in the country's financial policies. This shift to a gold-backed currency has implications for trade and investment in Africa, as it reduces reliance on traditional reserve currencies like the US dollar.
00:00 Zimbabwe's Introduction of Gold-Backed Currency the Zig
05:21 The Lack of Gold Reserves in African Countries
11:34 The Implications for Other African Nations
#africa #zimbabwe #finance
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zhlédnutí: 294

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Komentáře

  • @Msladycairo
    @Msladycairo Před 3 hodinami

    Fabulous!

  • @benehi8667
    @benehi8667 Před 4 hodinami

    How then can the guy on the street take advantage of these developments

  • @DarkkusPangg
    @DarkkusPangg Před 5 hodinami

    👏🏾👏🏾👏🏾👏🏾👏🏾

  • @NOBIS42
    @NOBIS42 Před 8 hodinami

    Africa deserve to control all of its resources not any foreign nation and I agree that Africa's currency should be back by its mineral resources

  • @octbaby88
    @octbaby88 Před 8 hodinami

    If I could like this video a thousand times, I would. I'm so glad I'm not the only one who left the theater upset and disappointed with Wakanda Forever. When Namor took Shuri to see his home, I joked with my friend that Namor and Shuri should just marry each other and form a pack in order to protect themselves from the West trying to get the Vibranium. It didn't make sense for him to want to kill Riri. Does he really think that by killing Riri, all of a sudden, those vibranium machines will cease to exist? I don't know what Ryan Coogler was thinking when he was directing this film, but this wasn't it. Queen Ramona was killed, no consequences for the murderer. King T'chaka was killed, no consequences for the murderer, or in this case, the conspirator who mind controlled Bucky to do the explosion...🙄🙄🙄

  • @user-xk6vn1qd5z
    @user-xk6vn1qd5z Před 9 hodinami

    All African countries should provide their own mining.

  • @D2Nice
    @D2Nice Před 10 hodinami

    You are doing great work! Amd yes nothing should be leaving Africa without the consent of its people.

  • @emmanuelkadiya4071
    @emmanuelkadiya4071 Před 10 hodinami

    You guys need to read the Legislative Agenda of the 3 term Chairman of the Solid Minerals Committee of the House of Representatives, Hon Gaza Jonathan Gbefwi and their inputs on the community development agreements (CDA)

  • @jamesbanda7069
    @jamesbanda7069 Před 12 hodinami

    It not real

  • @taurahelms3068
    @taurahelms3068 Před 13 hodinami

    Outstanding! It's been a long time coming. I hope this trend continues.

  • @quelnariemrah5624
    @quelnariemrah5624 Před 13 hodinami

    This is at least 50 years past due. Economics, Education and self-empowerment is the way to a more prosperous Africa.

  • @kongsshamaki
    @kongsshamaki Před 13 hodinami

    This is great news.

  • @kofiawuah1295
    @kofiawuah1295 Před 13 hodinami

    This is excellent news and i feel dispiute the past issues in leadership i feel we must believe in better to do better otherwise regardless the world will continue to trick us so great news

  • @alkebulanawah4242
    @alkebulanawah4242 Před 13 hodinami

    WEF isnt going to like this

  • @alkebulanawah4242
    @alkebulanawah4242 Před 14 hodinami

    This is the way foeward

  • @tima6349
    @tima6349 Před 14 hodinami

    Other African countries need to follow suite 👏🏾👏🏾👏🏾

  • @alkebulanawah4242
    @alkebulanawah4242 Před 14 hodinami

    The problem now are those foreigners (Ashkenazis, Chinese e.t.c) illegally mining our resources

  • @alkebulanawah4242
    @alkebulanawah4242 Před 14 hodinami

    👏👏👏👏

  • @alkebulanawah4242
    @alkebulanawah4242 Před 14 hodinami

    Wow, in this same Nigeria I am from? Am I dreaming?

  • @rockstarlifestyle9980
    @rockstarlifestyle9980 Před 15 hodinami

    If those laws come in place and you actually bring back your reserve of gold, it will be great... The favt you stated at the begining is truee

  • @allentay2356
    @allentay2356 Před 15 hodinami

    I don’t really understand the technicalities and the implications of this move, but from a layman perspective fiat being backed by something precious and desired by the big powers can only be a good move. Therefore the creation of a gold reserve is crucial

  • @rockstarlifestyle9980
    @rockstarlifestyle9980 Před 15 hodinami

    If Nigerian currency was still 19 to 1 dollar your GDP would be at 1 trillion Your GDP on PPP right now is 1.6 I think... With all the banditry... Am your country's number 1 fan because you guys love to do tech... Not just thinking development is luxury

  • @rickyraynor5513
    @rickyraynor5513 Před 15 hodinami

    Fantastic, time have Come

  • @lawandajohnson-lowe8476
    @lawandajohnson-lowe8476 Před 15 hodinami

    Time will tell

  • @lawandajohnson-lowe8476
    @lawandajohnson-lowe8476 Před 15 hodinami

    Sounds good….

  • @EffortOkoukoni
    @EffortOkoukoni Před 16 hodinami

    Nice 💪💪💪

  • @EffortOkoukoni
    @EffortOkoukoni Před 16 hodinami

    Good job

  • @zaa3515
    @zaa3515 Před 16 hodinami

    Nigeria are sleeping getting oil before Dubai yet what is happening ?

  • @cj-ux4sq
    @cj-ux4sq Před 16 hodinami

    The new developments(Lithium) are happening at the sub-national level. Nasarawa state , 3 Processing factories(1 completed , 2 in various stages of development- with the Chinese concerns). Edo state(1 in development in -Russians this time, I believe) and then one has just broken ground in Abuja/FCT (I suspect with a Nigerian majority stake and Chinese technical partners)

  • @ifeanyikennedy1047
    @ifeanyikennedy1047 Před 16 hodinami

    Should this move work, the whole of Africa will follow. I heard the makers of the Zig were meticulous when making it., it has security features that will make counterfeiting difficult.

  • @lawandajohnson-lowe8476
    @lawandajohnson-lowe8476 Před 16 hodinami

    The US dollar has no real value and is set by monetary policies put in place by the Federal Reserve. Therefore they control the economy. This needs to change.

  • @florencemuganda6005
    @florencemuganda6005 Před 16 hodinami

    African nations should also build skills for our own people to open their own mining companies

  • @lawandajohnson-lowe8476
    @lawandajohnson-lowe8476 Před 16 hodinami

    Gold backed currency can limit the flexibility of monetary policies and economic growth because the money supply is tied to the availability of gold reserves. Therefore Zimbabwe and all other African countries need to create gold reserves. Other than that, I think this move is great and well overdue.

  • @ayakhasokabo8816
    @ayakhasokabo8816 Před 16 hodinami

    As a South African, I hope Zimbabwe succeed.

  • @Dareallesley1
    @Dareallesley1 Před 17 hodinami

    This is the right direction. I hope the others jump on it

  • @nicholasdouglas1564
    @nicholasdouglas1564 Před 17 hodinami

    This is EXPECTEDLY CRAZY! The video has MORE likes than VIEWS, at the time of this comment. Smh. The suppression/oppression is REAL and continues. But, this is DEFINITELY the season for CHANGE, my brothers and sisters. What's the DEFINITION of HYPOCRISY?

  • @mcarr7617
    @mcarr7617 Před 17 hodinami

    I believe it will ❤️❤️❤️

  • @silbaines
    @silbaines Před 17 hodinami

    Thanks for sharing! You always have great content!

  • @jackiedelvalle
    @jackiedelvalle Před 17 hodinami

    I judge by actions, not words.... 👀 Also, let us delve the detail...

  • @seymorgorde
    @seymorgorde Před 17 hodinami

    Nigeria should be mining and exporting mining technology to other countries by now. Nigeria should be ashamed that they have not taken control of mining and are just coming up with a law like this. But knowing that there is always walk arounds and exceptions, this new law will only make a few people richer. The lobbyist probably wrote the new law and know how to do the walk arounds. Until Nigeria develops the skill set and takes control of mining technology, the exploitation will continue.

  • @cynthiaaligwekwe4079
    @cynthiaaligwekwe4079 Před 18 hodinami

    Like you said....talk is cheap. I will applaud when I see some things done on this matter. 1) strict implementation of these new mining laws. 2) level playing grounds for Nigerians too. 3) dividends getting to the common and not an open avenue for gross embezzlement.....and so on

  • @andersonpercival860
    @andersonpercival860 Před 18 hodinami

    This is how Africa will rise

  • @stevenwilliams3015
    @stevenwilliams3015 Před 18 hodinami

    Good news but Nigerian government can't be trusted. They are destroying the country already with their policies

  • @ifeanyikennedy1047
    @ifeanyikennedy1047 Před 18 hodinami

    Finally. A good policy.

  • @user-tj9cn5cx2l
    @user-tj9cn5cx2l Před 19 hodinami

    I wish I could move to an African country and be welcomed by my African sisters and brothers and be protected and at peace. This is Great news for Africa. I love it ❤ 🖤 💚 💛

    • @cynthiaaligwekwe4079
      @cynthiaaligwekwe4079 Před 14 hodinami

      Ofcourse you will be welcomed with open arms. Just come and experience Africa.

  • @tima6349
    @tima6349 Před 19 hodinami

    I think Nigeria will follow suite because no more exploitation from China and the west 👏🏾👏🏾🍾🍾

  • @tima6349
    @tima6349 Před 19 hodinami

    👏🏾👏🏾

  • @oluwaseunolusa4151
    @oluwaseunolusa4151 Před 19 hodinami

    I remember when it was #1 to $2

  • @tariqali-uz2vw
    @tariqali-uz2vw Před dnem

    💯🌎

  • @hadibae
    @hadibae Před dnem

    @14:05 Now, will my African American cousins please stop saying that Africans sold you into slavery? We all suffered; Continental Africans AND Diaspora, at the hands of African and European ELITES!