Gold Coins

Zimbabwe’s Gold coin forex defined – State of The Nation

https://www.youtube .com/watch?v=vERWCw9F0bQ

Actual Journalism Vs Citizen Journalism – State of The Nation Environmental Safety: Are we Doing Sufficient? – State of The Nation KEEP UPDATED on Zimbabwe: This Is A State Of Emergency Zimbabwe Launches Satellite tv for pc into Area – State of The Nation Zimbabwe’s Rising SME sector | State of the Nation Zimbabwe’s Vaccine Plan | State Of The Nation Zimbabwe’s Highway Infrastructure https://www.youtube.com/watch?v=dntxp… WE’RE ON SOCIAL MEDIA Like and comply with us on Fb: https://www.fb.com/StateOfTheNa… Observe us on Twitter Observe us on Instagram https://www.instagram.com/sonwithcord… Zimbabwe launches gold coin as forex to battle excessive inflation | Newest English Information | WION

22 thoughts on “Zimbabwe’s Gold coin forex defined – State of The Nation

  1. Remember Gaddafi, Libya. Unless we’re in league with the American cooperate wankers….

  2. Despite the economic downturn,I’m so happy☺️, I have been earning $ 23,000 returns from my $7,000 investment every 13days..

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  3. This will only help the few, connected, Z… elite…. Not the ordinary citizen. So sad.

    1. Ok but the point is that the few will invest in gold coins instead of speculating with US dollars, reducing volatility in the forex market and bringing a measure of stability to the Zim economy and thus reducing inflation.That’s the hope anyway.

    2. @tof39ish Do you notice that the countries having gold coins….introduced them when the economy was stable? These won’t help anything in our situation. Let’s give it time and we will revisit this conversation again.

  4. What about the prospects of arbitrage? I could just buy the coin in Zim dollars which will be a much much lower price if I’m getting the money from the black market then just sell in USD and return that same money to the black market and i easily have double what i paid in the first place.

    1. You sale it to who in USD when they can also get them from fidelity … Unless you sale outside Zimbabwe maybe …but that also involves costs of sending the coin there and risk of being robbed…

    2. That’s actually what they want you to do until everyone want the local currency to buy it

  5. How about few guys with connections just printing/typing rtgses into their own accounts, ‘buys’ the gold coins on the formal market….sells them for USDs, bounces the USDs in international accounts then stashes the money let’s say in the Maldives, or City of London, or Swiss or Cayman…you know more or less

  6. Gold coins are better than cattle which has as been our go to store of value because they don’t have the challenge of keepin them..

  7. Gold content in coins is roughly 91 to 92% . They charging world market price . If one has to sell his/her coins they will suffer an 8% loss .

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