What most peeps don't know is that Zimbabwe's official currencies are foreign currencies.

https://en.wikipedia.org/wiki/Zimbabwe

In other words, Dangote can buy 500 Zimbabwe with his > $20b worth of asset

cosmicrayboi:
who they hell me like this, that chinasa na ur broda? abi una wan leave goodluck jonny now come dey blame me

Lol.

ZUBY77:
Why are countries using US Dollars as legal tender?
Is there any supreme justification to that?
It is the rule they created by themselves when they were the highest oil buyers.
Now Chinese has taken over that mantle.

Chinese produce half of what Zimbabwe buys and uses. Same with most African countries.

You produce oil and USA determine the price and trading currency, how do you think your oil will sustain you when they occasionally threaten to stop buying at the price you want?
What exactly do you think caused the Libyan invasion? What did Ghadafi do?


I have said it that Africa should swallow their black useless pride and look up to Asia.
Europe and United States developed long ago and while sitting up there, they make rules that suppress emerging countries.
They have reached their economic limit and the only way to maintain it and remain up there is to make economic rules that crush emerging countries.
They manufacture things and ship them to you.
You manufacture yours, they call it substandard and stop you from discussing it at all at the World Trade Organisation.

What exactly is the standard?
Why would their own be the measurement for standard?
Why not call our own the Standard and call their own over-standard?
That way, we can buy our things with mental relaxation since we are poor, instead of saving up N20,000 to buy one pair of shoe in a country where minimum wage is 18,000.
Then when Chinese came to help us out, they tagged their products substandard again. Who cares?
All my shoes are Chinese. All my clothes are Chinese. In fact, I left Europe and I live in China now. It is simple, as an individual, I know what is good for me, I don't do things to please your fvcking eyes. You can say whatever you want. I live my life one step at a time. We can never jump from Africa to USA level. It will take us a million years. The logical way is to follow the routes of Countries like China who are closet to us in terms of needs.


How many Africans are members of WTO? Zero.


Only hardliners such as China, Iran and co are able to wriggle themselves out of the grip of Europe and USA. Africa needs to start doing the same. Stop looking up to America, it's common sense that Dangote or Adenuga will never give you an idea that will make you get richer than them or make you as rich as they are.

In our useless badly configured mind, we mock our locally made products and promote Made in USA or UK items. We mock our religion and embraced the one Europeans imported to us. We abandoned the development of our social and economic system only to embrace that of the west. We are totally not doing anything for ourselves.

When things are not working for you, it's logical that you try something else.

I both liked and shared this comment and I'm even ready to print it out and paste it on the wall in my room.
I totally agree with it(except the imported religion part) lol
I hope the eyes of our people finally opens to this truth,and that on time too.

Ijaya123:
Zimbabwe has finally been sold.

The country is now in the second round of slavery, now financial.

Its a question of choosing a better evil. In my opinion, the IMF is the worst and most vecious slave master.

tyrannasty:
Financial experts, economists,
What are the implications of this?


One thing I'm sure of is they're gonna exploit that country.
These asians ain't loyal

I bet to disagree that the Asians are not loyal. If they are not loyal, why is Africa going to them? Africans have a choice.

TetralixTech:
Sino-Colonization of Africa?

Its starting to happen slowly and no one is seeing the signs.....!

AmeLonRo:


I bet to disagree that the Asians are not loyal. If they are not loyal, why is Africa going to them? Africans have a choice.

I as an African have a choice. Develop positively or keep globe trotting begging cap in hand.

A meager $40m while our leaders are here playing "pupppi" with 20billion dollar!

Nigeria should have bought of their debt and get them to use the naira as legal tender...

Giant of Africa wake up o, Chinco is encroaching your territory...

Humblega:
In other words, Dangote can buy 500 Zimbabwe with his > $20b worth of asset

He can't sir. The stated amount is the loan incurred. Simple. Their Zimbabweans who have more money than the loan. But since its a chop I chop situation, wetin dem go do now?

Even the Zimbabwean minister's name seems to be derived from China

tyrannasty:
Financial experts, economists,
What are the implications of this?


One thing I'm sure of is they're gonna exploit that country.
These asians ain't loyal

Well well well.... give me a couple of days ..i get back to you on this one....

ZUBY77:
Why are countries using US Dollars as legal tender?
Is there any supreme justification to that?
It is the rule they created by themselves when they were the highest oil buyers.
Now Chinese has taken over that mantle.

Chinese produce half of what Zimbabwe buys and uses. Same with most African countries.

You produce oil and USA determine the price and trading currency, how do you think your oil will sustain you when they occasionally threaten to stop buying at the price you want?
What exactly do you think caused the Libyan invasion? What did Ghadafi do?


I have said it that Africa should swallow their black useless pride and look up to Asia.
Europe and United States developed long ago and while sitting up there, they make rules that suppress emerging countries.
They have reached their economic limit and the only way to maintain it and remain up there is to make economic rules that crush emerging countries.
They manufacture things and ship them to you.
You manufacture yours, they call it substandard and stop you from discussing it at all at the World Trade Organisation.

What exactly is the standard?
Why would their own be the measurement for standard?
Why not call our own the Standard and call their own over-standard?
That way, we can buy our things with mental relaxation since we are poor, instead of saving up N20,000 to buy one pair of shoe in a country where minimum wage is 18,000.
Then when Chinese came to help us out, they tagged their products substandard again. Who cares?
All my shoes are Chinese. All my clothes are Chinese. In fact, I left Europe and I live in China now. It is simple, as an individual, I know what is good for me, I don't do things to please your fvcking eyes. You can say whatever you want. I live my life one step at a time. We can never jump from Africa to USA level. It will take us a million years. The logical way is to follow the routes of Countries like China who are closest to us in terms of needs.


How many Africans are members of WTO? Zero.


Only hardliners such as China, Iran and co are able to wriggle themselves out of the grip of Europe and USA. Africa needs to start doing the same. Stop looking up to America, it's common sense that Dangote or Adenuga will never give you an idea that will make you get richer than them or make you as rich as they are.

In our useless badly configured mind, we mock our locally made products and promote Made in USA or UK items. We mock our religion and embraced the one Europeans imported to us. We abandoned the development of our social and economic system only to embrace that of the west. We are totally not doing anything for ourselves.

When things are not working for you, it's logical that you try something else.

Respect sire, as long as this your comment is the better the sense it makes, this write up is legendary, compliments of the season, God bless U.

dominique:
Hopefully it will be better than the Zimbabwean dollar. Imagine using one billion dollars to buy a loaf of bread. Only in Zimbabwe

no b lie,u no say thousand,not even million na billion chai chai .............for bread!

TetralixTech:
Sino-Colonization of Africa?

Unless PMB economic team pull through...this might also be an option they may consider in the future..infact I'm sure the Chinese are betting on it.

ZUBY77:
All my shoes are Chinese. All my clothes are Chinese. In fact, I left Europe and I live in China now.

!

This old hag obviously thinks it better to be colonized by the Chinese than by the American homosexuals. What a joke! I thought he was the only 'independent' man in Africa. Bullshit.

ChinonsoDike2:


Why are you A*holes always so pissed at the USA?! Did we deny you visa?!
Always plotting the downfall of a country a million times better than your sub-Saharan craphole. Concentrate on your country, you low IQ sub-human. 'Merica!

No matter how much a.ss kissing you do to the whites, you are still nothing more than a nigger monkey. Be careful and watch your back so the racist cops don't put a bullet in your black a.ss.

niggi4life:
that's wicked!!!
How much will u now pay if you are buying a house? Or a Car?

you see how you fooled yourselve in public because you believe everything.

ZUBY77:
Why are countries using US Dollars as legal tender?
Is there any supreme justification to that?
It is the rule they created by themselves when they were the highest oil buyers.
Now Chinese has taken over that mantle.

Chinese produce half of what Zimbabwe buys and uses. Same with most African countries.

You produce oil and USA determine the price and trading currency, how do you think your oil will sustain you when they occasionally threaten to stop buying at the price you want?
What exactly do you think caused the Libyan invasion? What did Ghadafi do?


I have said it that Africa should swallow their black useless pride and look up to Asia.
Europe and United States developed long ago and while sitting up there, they make rules that suppress emerging countries.
They have reached their economic limit and the only way to maintain it and remain up there is to make economic rules that crush emerging countries.
They manufacture things and ship them to you.
You manufacture yours, they call it substandard and stop you from discussing it at all at the World Trade Organisation.

What exactly is the standard?
Why would their own be the measurement for standard?
Why not call our own the Standard and call their own over-standard?
That way, we can buy our things with mental relaxation since we are poor, instead of saving up N20,000 to buy one pair of shoe in a country where minimum wage is 18,000.
Then when Chinese came to help us out, they tagged their products substandard again. Who cares?
All my shoes are Chinese. All my clothes are Chinese. In fact, I left Europe and I live in China now. It is simple, as an individual, I know what is good for me, I don't do things to please your fvcking eyes. You can say whatever you want. I live my life one step at a time. We can never jump from Africa to USA level. It will take us a million years. The logical way is to follow the routes of Countries like China who are closest to us in terms of needs.


How many Africans are members of WTO? Zero.


Only hardliners such as China, Iran and co are able to wriggle themselves out of the grip of Europe and USA. Africa needs to start doing the same. Stop looking up to America, it's common sense that Dangote or Adenuga will never give you an idea that will make you get richer than them or make you as rich as they are.

In our useless badly configured mind, we mock our locally made products and promote Made in USA or UK items. We mock our religion and embraced the one Europeans imported to us. We abandoned the development of our social and economic system only to embrace that of the west. We are totally not doing anything for ourselves.

When things are not working for you, it's logical that you try something else.

your knoweledge of economics is very poor.

As far as am concern your didnt say anything.

RaptorX:
No matter how much a.ss kissing you do to the whites, you are still nothing more than a nigger monkey. Be careful and watch your back so the racist cops don't put a bullet in your black a.ss.

You're in so much pain. Save your laptop battery before the next power outage. Lol!

Have you eaten today? Cops don't kill law abiding citzens, you low IQ subhuman. They only kill criminals like yourself.This is not Africa; the continent of apes.

kaeforum:


Thats a strategic alliance with the chinko republic, Nigeria should follow suit.

Naija can't follow suit, there'll be hell to pay.

I think GEJ (going by his subtle advise/comment to PMB after the election) had it in mind, wouldn't be surprised if it's part of the reasons they did all they could to frustrate the man.

Imagine the heat the currency will take if the we'd switch our reserve currency just like that. Only recently has the CBN started to safeguard our reserve by holding it in yuan too.
But a complete/ large scale switch is near impossible presently.
And it'll have been to our benefit, given the recent adoption of the yuan as a reserve currency.

kaeforum:


Thats a strategic alliance with the chinko republic, Nigeria should follow suit.

Naija can't follow suit, there'll be hell to pay.

I think GEJ (going by his subtle advice/comments to PMB after the election) had it in mind, wouldn't be surprised if it's part of the reasons they did frustrated the man.

Imagine the heat the currency will take if we'd switched our reserve currency completely just like that. Only recently has the CBN started to hedge our reserve by holding some of it in yuan too.
But a complete/ large scale switch is near impossible presently, though it'll have been to our benefit.
Given the recent adoption of the yuan into the world's body of reserve currencies.

Zimbabwe could go scot free cos her economy is dead anyway and even if not, would've been too small to be significant.

emmykk:



you see how you fooled yourselve in public because you believe everything.

and u see how u fooled yourself since u can't see the exaggeration and ultimately the joke in her comment

The yuan will pay Zimbabwe better since it is close to being a double digit currency unlikle the US which is one digit.

Spending coins will be more economical and since Zimbabwe is resource rich, a lot of stuff will be exported to China

angiography:

I bet you, the Chinese are worse than the Americans

Depends on where you see it from,but I feel these pple are much sincere to what we see in Africa

stevecantrell:


Unless PMB economic team pull through...this might also be an option they may consider in the future..infact I'm sure the Chinese are betting on it.

that would be an extreme case and all hell would have broken loose for that to occur

Modern day slavery....mumu garbage son kill demmm

Baba daura pls help him wit sense

TetralixTech:
that would be an extreme case and all hell would have broken loose for that to occur

Let's hope, with the current speed things are heading downhill it doesn't get to that.

where is cap28, igbo2011, afroblue and friends who keep telling us Mugabe is the best thing since sliced bread.

ZUBY77:
Why are countries using US Dollars as legal tender?
Is there any supreme justification to that?
It is the rule they created by themselves when they were the highest oil buyers.
Now Chinese has taken over that mantle.

Chinese produce half of what Zimbabwe buys and uses. Same with most African countries.

You produce oil and USA determine the price and trading currency, how do you think your oil will sustain you when they occasionally threaten to stop buying at the price you want?
What exactly do you think caused the Libyan invasion? What did Ghadafi do?


I have said it that Africa should swallow their black useless pride and look up to Asia.
Europe and United States developed long ago and while sitting up there, they make rules that suppress emerging countries.
They have reached their economic limit and the only way to maintain it and remain up there is to make economic rules that crush emerging countries.
They manufacture things and ship them to you.
You manufacture yours, they call it substandard and stop you from discussing it at all at the World Trade Organisation.

What exactly is the standard?
Why would their own be the measurement for standard?
Why not call our own the Standard and call their own over-standard?
That way, we can buy our things with mental relaxation since we are poor, instead of saving up N20,000 to buy one pair of shoe in a country where minimum wage is 18,000.
Then when Chinese came to help us out, they tagged their products substandard again. Who cares?
All my shoes are Chinese. All my clothes are Chinese. In fact, I left Europe and I live in China now. It is simple, as an individual, I know what is good for me, I don't do things to please your fvcking eyes. You can say whatever you want. I live my life one step at a time. We can never jump from Africa to USA level. It will take us a million years. The logical way is to follow the routes of Countries like China who are closest to us in terms of needs.


How many Africans are members of WTO? Zero.


Only hardliners such as China, Iran and co are able to wriggle themselves out of the grip of Europe and USA. Africa needs to start doing the same. Stop looking up to America, it's common sense that Dangote or Adenuga will never give you an idea that will make you get richer than them or make you as rich as they are.

In our useless badly configured mind, we mock our locally made products and promote Made in USA or UK items. We mock our religion and embraced the one Europeans imported to us. We abandoned the development of our social and economic system only to embrace that of the west. We are totally not doing anything for ourselves.

When things are not working for you, it's logical that you try something else.

thanks for this piece of reality

Elxandre:

Psquare ke... You wan kill them? Lol

Omo no reason am o. Those guys are wOrth over $140M. Collectively sha... but u get the joke tho lol. I just don't get it sha, the Chinese yen?? Wtf?
I'm so mad at myself right now for not saving a Facebook video I saw sometime ago in which a certain gentleman broke down the reason for the repeated violence against blacks in the United States, I should've shared it on here for u guys to see.

He said "there is no violence or police brutality against the Chinese youths in the US because if 1 Chinese dies the president of China is gonna pick up his phone & call Obama and ask him - Hey Obama what's going on there, we do business together how the hell on earth can you allow my people to be mistreated on your soil?- the same thing will happen for every other race of people living in the United states; Russians, Mexicans, Germans, Australians, French, Italians.. and these people have even bloodier catels and gangs than the blacks do but there's never news about one of them on CNN you hear about being shot or killed by the American police.
Who will fight for the blacks in America?? How many blacks in America have knowledge about their roots in Africa? Which country in Africa has attained the political or socioeconomic level where they can have bragging rights about how their people residing in the diaspora should be treated? As long as countries in Africa stay weak blacks will continue to die in America and the rest of the world, running around like chickens with their heads cut off.
Pan Africanism is THE ONLY way forward, individually African countries will continue to remain a sellout.
But my dear African brothers, is there love in Africa Love enough to bring us together as one?? A quick example are the Xenophobia attacks that took place in South Africa, abi that wan too far sef.. inside Naija Boko Haram wont stop killing their very own Muslim brothers before we start counting the Christians they have killed also.
In Nigeria alone how many tribes do we have? the language barrier involved inside Nigeria alone is a threat. Then consider the rest of the other African countries, except for the French speaking ones.. you begin to see that this Pan Africanism ideology is infact nothing but a dream, a dream that I have doubts in but have my fingere seriously crossed for.
See what Mugabe has done, taking his people back to the 16th century, very soon even milk on the shelves of stores in Zimbabwe go be chinco made. Smh