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Zimbabwe Plans New Currency As Dollar Shortage Bites - Foreign Affairs (2) - Nairaland

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Zimbabwe Drops 'battered' Dollar, Introduces Gold-backed 'ZIG' Currency / Moldova President's Dog Bites Austria President's Hand During Visit (Photos) / Zimbabwe To Introduce New Currency In November (2) (3) (4)

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Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by Donmoscojaja(m): 8:01am On Jan 13, 2019
g
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by UncleJudax(m): 8:01am On Jan 13, 2019
South Africa is the going to be the new Zimbabwe with the approved Land expropriation without compensation.

People no de learn

1 Like

Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by chineloSA(f): 8:01am On Jan 13, 2019
Mikora:
Zimbabwe should be colonized by south Africa or some other sensible African country

I feel for SA. Lesotho and Swaziland wants to be taken by SA. Now even Zimbabwe people.
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by bigpicture001: 8:04am On Jan 13, 2019
jericco1:
this country is cursed. I remember way back, when one needs a bag full of money to eat at a restaurant. let them go to China for help


China does not help anybody. Cares only about herself. Only the west like to help africa,yet Africa runs from them cuz they demand transparency nd anti coruption

1 Like

Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by bigpicture001: 8:06am On Jan 13, 2019
chloride6:
Oga go and collect IMF package and stop trying to dodge your suffering

grin

IMF would not give you loan if your heavily indebted to expecially china
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by chloride6: 8:08am On Jan 13, 2019
bigpicture001:


IMF would not give you loan if your heavily indebted to expecially china

Nope they willl..

Infact they'll give him loan to offset his loan to china...

But after that eh? They will even dictate to him when to fvuk his wife

grin grin grin grin

1 Like

Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by bigpicture001: 8:09am On Jan 13, 2019
chineloSA:
Zimbabweans are useless people with empty pride.

With all the education they always brag about, they cannot put the country together.

They are not the first country to be sanctioned. Cuba and Sudan, was once sanctioned, Iran, NKorea are still sanctioned.

All they know is to run to other countries to do rubbish work with their education.

Initially they used to say Mugabe is the problem, now Mugabe is gone they can't fix their problems.

Useless people with empty pride.

Mugabe ruined Zimbabwe. You will also do same in periods of hyper inflation
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by bigpicture001: 8:11am On Jan 13, 2019
chloride6:


Nope they willl..

Infact they'll give him loan to offset his loan to china...

But after that eh? They will even dictate to him when to fvuk his wife

grin grin grin grin

IMF will never give you loan to offset loan. The giv loans for progressive economics activities

Get dt outta ur mind. IMF nd world Bank are a very good financial institutions unlike what nigeria politicians tell you. They are always eager to help

1 Like

Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by chloride6: 8:14am On Jan 13, 2019
bigpicture001:


IMF will never give you loan to offset loan. The giv loans for progressive economics activities

Get dt outta ur mind. IMF nd world Bank are a very good financial institutions unlike what nigeria politicians tell you. They are always eager to help

Abeg na play be this

grin grin grin grin grin grin grin grin
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by AngelicBeing: 8:15am On Jan 13, 2019
obaataaokpaewu:
China should bid for Zimbabwe in this January transfer window
Gbam tongue
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by bigpicture001: 8:19am On Jan 13, 2019
chloride6:


Abeg na play be this

grin grin grin grin grin grin grin grin


No. U believe otherwise cuz of the band wagon effect.

Against all saying, du you know that OBJ is naija's best president ever.. ?

You see,almost the whole average citizens believes otherwise, yet can't point out y.its called joining the band wagon
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by chloride6: 8:21am On Jan 13, 2019
bigpicture001:


No. U believe otherwise cuz of the band wagon effect.

Against all saying, du you know that OBJ is naija's best president ever.. ?

You see,almost the whole average citizens believes otherwise, yet can't point out y.its called joining the band wagon

I dey come abeg...

Give me 2 minutes
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by JaceBlaze: 8:23am On Jan 13, 2019
South Africa should buy Victoria Falls from the Zimbabwean government,that cursed country doesn't deserve it at all.
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by 22brains(m): 8:24am On Jan 13, 2019
15Ebisco:
Zimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of U.S. dollars has plunged the financial system into disarray and forced businesses to close.

In the past two months, the southern African nation has suffered acute shortages of imported goods, including fuel whose price was increased by 150 percent on Saturday.

Zimbabwe abandoned its own currency in 2009 after it was wrecked by hyperinflation and adopted the greenback and other currencies, such as sterling and the South African rand.

But there is not enough hard currency in the country to back up the $10 billion of electronic funds trapped in local bank accounts, prompting demands from businesses and civil servants for cash which can be deposited and used to make payments.

Finance Minister Mthuli Ncube told a townhall meeting on Friday a new local currency would be introduced in less than 12 months.

“On the issue of raising enough foreign currency to introduce the new currency, we are on our way already, give us months, not years,” he said.

Zimbabwe’s foreign reserves now provide less than two weeks cover for imports, central bank data show. The government has previously said it would only consider launching a new currency if it had at least six months of reserves.

Locals are haunted by memories of the Zimbabwean dollar, which became worthless as inflation spiraled to reach 500 billion percent in 2008, the highest rate in the world for a country not at war, wiping out pensions and savings.

A surrogate bond note currency introduced in 2016 to stem dollar shortages has also collapsed in value.

President Emmerson Mnangagwa is under pressure to revive the economy but dollar shortages are undermining efforts to win back foreign investors sidelined under his predecessor Robert Mugabe.

Mnangagwa told reporters on Saturday that the price of petrol had increased to $3.31 per liter from $1.32 from midnight but there would be no increase for foreign embassies and tourists paying in cash U.S. dollars.

Locals can pay via local debit cards, mobile phone payments and a surrogate bond note currency.

With less than $400 million in actual cash in Zimbabwe according to central bank figures, fuel shortages have worsened and companies are struggling to import raw materials and equipment, forcing them to buy greenback notes on the black market at a premium of up to 370 percent. (Reuters)

https://mobile.reuters.com/article/amp/af/idAFL8N1ZC0NY
meanwhile, buhari is busy doing..............

1 Like

Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by JaceBlaze: 8:27am On Jan 13, 2019
UncleJudax:
South Africa is the going to be the new Zimbabwe with the approved Land expropriation without compensation.

People no de learn
South Africa has established good relationship with the superpowers of the world (BRICKS) so we fear no sanctions.We playing chess not checkers down here wink

1 Like

Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by JaceBlaze: 8:32am On Jan 13, 2019
chineloSA:
Zimbabweans are useless people with empty pride.

With all the education they always brag about, they cannot put the country together.

They are not the first country to be sanctioned. Cuba and Sudan, was once sanctioned, Iran, NKorea are still sanctioned.

All they know is to run to other countries to do rubbish work with their education.

Initially they used to say Mugabe is the problem, now Mugabe is gone they can't fix their problems.

Useless people with empty pride.
Even Russia is under sanctions but they are doing well.I don't know what Zimbo's excuse really is
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by SkinnyNigga: 8:37am On Jan 13, 2019
chineloSA:
Zimbabweans are useless people with empty pride.

With all the education they always brag about, they cannot put the country together.

They are not the first country to be sanctioned. Cuba and Sudan, was once sanctioned, Iran, NKorea are still sanctioned.

All they know is to run to other countries to do rubbish work with their education.

Initially they used to say Mugabe is the problem, now Mugabe is gone they can't fix their problems.

Useless people with empty pride.
chiSA ..how is SA this morning?
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by XhosaNostra(f): 8:38am On Jan 13, 2019
JaceBlaze:
South Africa should buy Victoria Falls from the Zimbabwean government,that cursed country doesn't deserve it at all.

Lol, so people can go slaughter a sheep there? We're slowly going that direction. In Queenstown people took their cattle to city in protest. Where does that happen? It's almost like we're in one of those fabled tales that gogos used to tell near the fire. An entire school was stolen in PE. Stripped down to the foundation. They didn't even leave a nail behind! Poof! Gone just like that! Everything happening at the moment is so unbelievable. Very heartbreaking to watch.

Before & After

Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by AfonjaConehead: 8:38am On Jan 13, 2019
Fear white man.
Ever since Mugabe seized whites land and gave them to blacks,things fell apart real good and bad.

Again, don't mess with the white man.
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by UncleJudax(m): 8:56am On Jan 13, 2019
JaceBlaze:
South Africa has established good relationship with the superpowers of the world (BRICKS) so we fear no sanctions.We playing chess not checkers down here wink
I am sure Mugabe said same thing back then. He was also anti West. Since 2003 the country has been on a free fall. Now Zimbabwe is at China's messy.


Good luck
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by teelaw4life(m): 9:10am On Jan 13, 2019
martineverest:
I think they took lands from white Zimbabweans and gave them to blacks.thw white Zimbabweans were big farmers.some of them came to Nigeria to continue their agriculture

The is true. A Zimbabwean told me about it. She said that was when the problems started as the blacks were too lazy to do the work the whites did.

1 Like

Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by martineverest(m): 9:14am On Jan 13, 2019
teelaw4life:


The is true. A Zimbabwean told me about it. She said that was when the problems started as the blacks were too lazy to do the work the whites did.
just like black South africans

2 Likes

Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by JaceBlaze: 9:15am On Jan 13, 2019
UncleJudax:

I am sure Mugabe said same thing back then. He was also anti West. Since 2003 the country has been on a free fall. Now Zimbabwe is at China's messy.


Good luck

except that Mugabe didn't establish a vital relationship with anybody,we on another hand we rolling with the big dogs.
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by Nobody: 9:16am On Jan 13, 2019
Simple, to hell with currencies.

Bring beans take rice.

Who get honda, i need hyundai.


bring Igbo come take demola ajayi grin

2 Likes

Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by martineverest(m): 9:17am On Jan 13, 2019
AfonjaConehead:
Fear white man.
Ever since Mugabe seized whites land and gave them to blacks,things fell apart real good and bad.

Again, don't mess with the white man.
u are getting it wrong....the blacks in southern Africa are too lazy .imagine Mandela giving blacks power to rule all white companies in SA when he was the president...south African would have crumbled.

the whites African are intelligent and hardworking compared to lazy black Southampton africans

1 Like

Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by OgogoroFreak(m): 9:18am On Jan 13, 2019
Make Nigeria buy Zimbabwe nah

1 Like 1 Share

Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by jamejanev: 9:23am On Jan 13, 2019
They should go to Agriculture, reduce import, crate local currency and also channeling their trade to China. That was how PDP stole our Dollars then and these idiots are still struggling to come back
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by JaceBlaze: 9:26am On Jan 13, 2019
XhosaNostra:


Lol, so people can go slaughter a sheep there? We're slowly going that direction. In Queenstown people took their cattle to city in protest. Where does that happen? It's almost like we're in one of those fabled tales that gogos used to tell near the fire. An entire school was stolen in PE. Stripped down to the foundation. They didn't even leave a nail behind! Poof! Gone just like that! Everything happening at the moment is so unbelievable. Very heartbreaking to watch.

Before & After
shocked shocked shocked


It's like we are living in the end of times.why did they strip down a school?
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by UncleJudax(m): 9:35am On Jan 13, 2019
JaceBlaze:
except that Mugabe didn't establish a vital relationship with anybody,we on another hand we rolling with the big dogs.
You can say what you want. Economically, it makes no sense to take land from a group of people, and redistribute same to others without compensation. Especially when same practice has failed in neighbouring Zimbabwe and even in small scale in South Africa.

BRICS members can only do so much. And if you destroy your economy to a certain level, BRICS may go back to BRIC grin

Like I said, good luck.

1 Like

Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by stanboy28(m): 9:35am On Jan 13, 2019
obaataaokpaewu:
China should bid for Zimbabwe in this January transfer window
such savagery..on a sunday morning...are u sure u will make heaven so
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by XhosaNostra(f): 9:37am On Jan 13, 2019
JaceBlaze:
shocked shocked shocked


It's like we are living in the end of times.why did they strip down a school?

I really don't know. It took R40M to build, but it was gone in just two months. I 1st saw this in one page discussing things happening in the Eastern Cape, on Facebook. I thought it was untrue until people from PE confirmed it. It was called Gqebera High Sschool.
Re: Zimbabwe Plans New Currency As Dollar Shortage Bites by chineloSA(f): 9:42am On Jan 13, 2019
JaceBlaze:
Even Russia is under sanctions but they are doing well.I don't know what Zimbo's excuse really is

Exactly. That Mmangwagwa of a president is clueless. Mugabe was better.

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