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Zimbabwe has begun selling gold coins to fight high inflation | DW News

Many countries in the world are currently battling with high inflation rates and Africa is not exempted from this development. Zimbabwe has begun selling gold coins to fight high inflation. Living conditions in Ghana are at their worst in eighteen years, with inflation now nudging 30 percent. And families in Kenya are struggling with the high cost of living. Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1 For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews ►Instagram: https://www.instagram.com/dwnews Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch #inflation #Africa #economy

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16 thoughts on “Zimbabwe has begun selling gold coins to fight high inflation | DW News

  1. The opposition MP in the interview seems to always talk down his own country. Not everyone is motivated by greed as he seems to suggest. Zimbabweans including political leaders love their country as much as the next person. I don’t live in Zim but I will invest in gold coins if it helps the economy of that country. Indeed the Bank has many gold coins investors, they can lend money to small businesses including farmers.

  2. As an African I can tell you there is no hope for the continent, we have really failed to manage our countries. We can’t blame the western world anymore. Asia has done it, why can’t we.

  3. That is a good solution. Money should be backed by gold. Do not follow US. US money is useless. They keep on printing papers.

  4. It’s a great idea, atlast Gaddafi’s gooden dinary seems to start working app African countries if they do this and take away papers given to us by white men as medium of exchange, To take our Gold, soon will be back into power and end dominance of dollars, congrats Zimbabwe govt.. Africans we are watching and supporting you

  5. If anyone in Zimbabwe wanted or wants to to buy gold, wouldn’t they just buy American eagles, Krugerrands or Canadian gold Maples? They need to stop printing more money which has always, throughout history, created inflation – including now in Europe and North America.

  6. This is a great idea for them he’s just trying to look out for his people because you can trade it for the strongest cash

  7. notice on the front of the bill it says “i promise to pay the bearer on demand” that is a contract, between you, the bearer of the note, and the reserve bank of zimbabwe, they are going to revalue their currency and switch to gold strictly, when they revalue, they will have to honor their contract when you go to exchange, and pay you the adjusted rate, ive heard a 100t zim note will be worth the equivalent of 50 million us dollars when they go full asset backed and the value of an individual zim is tied to the bank of zimbabwe’s gold reserves, you will have 10 days after revaluation to make an appointment at an exchange center and exchange your zim for the adjusted rate

  8. People are going to be wiped out by holding the U.S. dollar just like the people of the U.S. are getting wiped out for holding dollars. The AMERICAN people will want gold when the U.S. dollar crashes as it has started in the U.S. because we are in a recession over here.

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