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Zimbabwe launches gold coin as currency to battle extreme inflation | Latest English News | WION

Zimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that has further eroded the country’s unstable currency. #Zimbabwe #GoldCoin #Inflation About Channel: WION -The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One. Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults. Subscribe to our channel at https://goo.gl/JfY3NI Check out our website: http://www.wionews.com Connect with us on our social media handles: Facebook: https://www.facebook.com/WIONews Twitter: https://twitter.com/WIONews Follow us on Google News for latest updates Zee News:- https://bit.ly/2Ac5G60 Zee Bussiness:- https://bit.ly/36vI2xa DNA India:- https://bit.ly/2ZDuLRY WION: https://bit.ly/3gnDb5J Zee News Apps : https://bit.ly/ZeeNewsApps

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Michael

19 thoughts on “Zimbabwe launches gold coin as currency to battle extreme inflation | Latest English News | WION

  1. I expect it may become a way for wealthy cronies to convert their useless currency to a store of value so they can ship it out of the country safely. Once the gold is gone there will be nothing left. Zimbabwe was once the food basket of Africa and corruption has turned it in to a basket case.

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  3. Not a good ideas, the coins is too high value, if you buy something like $10 but the coins is $1,800. Second the coins is mix with silver from 24k to 22k a gold shop can make a fade coins, or add more silver to it. Which make the coins at 20k or 18k. Or the weight of the coins is in less than one once. So taking gold coins from the street is more risk. I will not pay $1,800 for any gold coins from the street. If I want gold I would rather buy it from the bank for 100 percent guaranteed. If people find out that the gold coins on the street is fade or is not 22K gold or is less than an ounces. This would make all of the gold coins to lose it values. Is good ideas but the values of gold is too hight. And this is the problems. Too much risk for street exchange.

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