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Zimbabwe is Introducing Gold as Legal Currency Again!

FurriesRock

FurriesRock

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"
Governor of the central bank, John Mangudya in a statement released Monday, said that “the gold coins will be available for sale to the public in both local currency and US dollars and other foreign currencies at a price based on the prevailing international price of gold and the cost production”.

The coins are expected to act as a 'store of value and to reduce the demand for US dollars' – something that has been blamed for the weakening value of the local currency."

https://www.africanews.com/2022/07/...to-introduce-gold-coin-amid-inflation-crisis/

I wonder how long we have until the Biden regime starts bombing Zimbabwe!
 
FurriesRock said:
"
Governor of the central bank, John Mangudya in a statement released Monday, said that “the gold coins will be available for sale to the public in both local currency and US dollars and other foreign currencies at a price based on the prevailing international price of gold and the cost production”.

The coins are expected to act as a 'store of value and to reduce the demand for US dollars' – something that has been blamed for the weakening value of the local currency."

https://www.africanews.com/2022/07/...to-introduce-gold-coin-amid-inflation-crisis/

I wonder how long we have until the Biden regime starts bombing Zimbabwe!
Click to expand...
How much time of your life are you wasting worrying about Biden "bombing Zimbabwe"? 🤡
 
FurriesRock said:
"
Governor of the central bank, John Mangudya in a statement released Monday, said that “the gold coins will be available for sale to the public in both local currency and US dollars and other foreign currencies at a price based on the prevailing international price of gold and the cost production”.

The coins are expected to act as a 'store of value and to reduce the demand for US dollars' – something that has been blamed for the weakening value of the local currency."

https://www.africanews.com/2022/07/...to-introduce-gold-coin-amid-inflation-crisis/

I wonder how long we have until the Biden regime starts bombing Zimbabwe!
Click to expand...
How many citizens of Zimbabwe have $1800. to buy one with? Which zimbabe retail places can make chance for it? Far more of these will be sold to foreign investors than citizens, it's really just an attempt to being more dollars into the country.
 
FurriesRock said:
I wonder how long we have until the Biden regime starts bombing Zimbabwe!
Click to expand...
I mean, obviously we all know that this is the sort of thing you wonder about. That said, I wish you could take your Biden attacks up a few notches. This kind of thing is rather embarrassing for MAGA, and you’re not going to get any love from Donald or Tucker if you keep foisting low caliber Biden schlock like this. Biden bombing Zimbabwe? Really? That’s the best you can do?

I pity MAGA if the OP’s post is supposed to be an ambassador for their point of view.
 
phoenix2020 said:
I mean, obviously we all know that this is the sort of thing you wonder about. That said, I wish you could take your Biden attacks up a few notches. This kind of thing is rather embarrassing for MAGA, and you’re not going to get any love from Donald or Tucker if you keep foisting low caliber Biden schlock like this. Biden bombing Zimbabwe? Really? That’s the best you can do?

I pity MAGA if the OP’s post is supposed to be an ambassador for their point of view.
Click to expand...
He's not a MAGA guy. He's "slightly liberal." :ROFLMAO:
 
FurriesRock said:
"
Governor of the central bank, John Mangudya in a statement released Monday, said that “the gold coins will be available for sale to the public in both local currency and US dollars and other foreign currencies at a price based on the prevailing international price of gold and the cost production”.

The coins are expected to act as a 'store of value and to reduce the demand for US dollars' – something that has been blamed for the weakening value of the local currency."

https://www.africanews.com/2022/07/...to-introduce-gold-coin-amid-inflation-crisis/

I wonder how long we have until the Biden regime starts bombing Zimbabwe!
Click to expand...

If we didn’t bomb Zimbabwe when it was under the Mugabe dictatorship, we aren’t going to bomb it now.

You can stop panicking bud.
 
Tigerace117 said:
If we didn’t bomb Zimbabwe when it was under the Mugabe dictatorship, we aren’t going to bomb it now.

You can stop panicking bud.
Click to expand...
I'm not panicking, I just remember that Obama bombed Libya when it started challenging the dollar, and that Bush didn't invade Iraq until they challenged the Petrodollar.
 
FurriesRock said:
I'm not panicking, I just remember that Obama bombed Libya when it started challenging the dollar, and that Bush didn't invade Iraq until they challenged the Petrodollar.
Click to expand...

Libya got bombed because Gaddafi— a serial rapist who’d sponsored just about every terror group under the sun— decided going after his own people was a good idea.

Iraq got invaded because the US was blundering around in a panic.

In neither case did any “malign conspiracy” exist.
 
With respect:

Is the US war of terror still happening in North Africa?
 
It will not do much, as the article points out Zimbabwe has been using the US Dollar as their other currency given that their own has no value. And the reason is simple, there is not much value in the economy or the nation of Zimbabwe to have faith in. Therefor they are resorting to Gold… again.

FoxNews will shit itself running nonstop failed comparisons to our current condition which will only benefit their advertisers.
 
FurriesRock said:
"
Governor of the central bank, John Mangudya in a statement released Monday, said that “the gold coins will be available for sale to the public in both local currency and US dollars and other foreign currencies at a price based on the prevailing international price of gold and the cost production”.

The coins are expected to act as a 'store of value and to reduce the demand for US dollars' – something that has been blamed for the weakening value of the local currency."

https://www.africanews.com/2022/07/...to-introduce-gold-coin-amid-inflation-crisis/

I wonder how long we have until the Biden regime starts bombing Zimbabwe!
Click to expand...
Only because the paper currency in Zimbabwe is worthless. You need a wheelbarrow full of it just to buy a loaf of bread.
 
FurriesRock said:
Yes, it is.
Click to expand...

With respect:

Yeah, I don't know. Africa must have problems because it hasn't taken personal responsibility for being abused for what, millennia? Those "backward countries and people" should've gotten their acts together after slavery, colonialism, and the ongoing GWoT.

It's strange that humanity has done so much to destroy the region that humanity originated from. It sure seems like a lot of self-hatred must fuel the perpetrators.
 
Roadvirus said:
Only because the paper currency in Zimbabwe is worthless. You need a wheelbarrow full of it just to buy a loaf of bread.
Click to expand...


Isnt the wheelbarrow worth much more than the currency it is transporting? Maybe just use parts of the wheelbarrow to buy loaves of bread
 
Roadvirus said:
Only because the paper currency in Zimbabwe is worthless. You need a wheelbarrow full of it just to buy a loaf of bread.
Click to expand...

Yet another post colonial African country that has become a shit hole after independence.
 
Roadvirus said:
Everything was going great in Zimbabwe until Mugabe took over. Then it slowly went to shit.
Click to expand...
It was shit already before, it had been shit a loooong time.
 
Juin said:
Isnt the wheelbarrow worth much more than the currency it is transporting? Maybe just use parts of the wheelbarrow to buy loaves of bread
Click to expand...
Then how will you haul around hoard of gold coins? Gold is heavy, you know.
 
Ginza said:
Yet another post colonial African country that has become a shit hole after independence.
Click to expand...


Wont they be just so much better off as n*gg*s of Mass Rhodes?
 
Juin said:
Wont they be just so much better off as n*gg*s of Mass Rhodes?
Click to expand...

They would certainly be better off economically.

"One half of the African continent lives below the poverty line. In sub-Saharan Africa, per capita GDP is now less than it was in 1974, having declined over 11 percent"

www.nber.org

The Economic Decline in Africa

www.nber.org www.nber.org
 
joluoto said:
Blame the Rhodesian regime.
Click to expand...

Why?

As my link shows, it is the same sad story over the whole region.

www.nber.org

The Economic Decline in Africa

www.nber.org www.nber.org

The usual knee jerk reaction of the white leftie and corrupt/inefficient African leaders is to blame whites for ongoing problems in Africa. Obama disagreed :

"Barack Obama has told African leaders to stop “making excuses” for ongoing economic problems in their countries, and to look for solutions within rather than blaming the past."
 
Ginza said:
They would certainly be better off economically.
Click to expand...


Dude, they made their choice, for better or for worse. Move on. Zimbabwe is no more Massa Rhodes' property
 
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