Zimbabwe Currency | New currency strengthens against US dollar

Zimbabwe's new currency, the ZiG is currently trading stronger than the rand.
According to Petri Redelinghuys from Herenya Capital Advisors, part of that strengh comes from the rallying gold price on which the new currency is backed. #eNCA #DStv403 #QuestionThinkAct

[Sheba_]

Zimbabwe’s trajectory is changing. God is good!

[f]

I’m backing Zimbabwe 💯 I hope the country gets back on it’s feet

[DA_CinemaHD]

Good news to hear, Thats the way to go Zim

[ethiorich]

Good News! Africa Help Zimbabwe Stand By Itself.

[rejoicetheskinfairy]

I pray it gets better, so we can go back home

[farhanatoerien]

🙏🏾. Please let this growth improve the lives of Zimbabweans

[caesar]

It's a long shot but I hope Zimbabwe gets fixed & the country prospers so Zimbabweans can all go back home. That will be best for everyone.

[remembrance-kjv]

Zimbabweans are revolutionary by nature.

This system is likely going to shake even first world nations.

[trevoryingwane]

It is a route that SA need to take. Reliance on USD is quite risky, how did we get to this stage in a first place?

[johnmpofu]

Thank you Mr President for introducing a strong currency. You are truly a visionary leader. Now Zimbabwe is back on it's feet

[RendaniNetshirungulu]

Good luck to Zimbabwe, an economic improvement of Zimbabwe will free Southern African countries due to influx of Zimbabwe

[lungisanidube]

Amazing grace, how sweet that sounds 👏🏿👏🏿👏🏿

[jezuschrist]

They should have done this in 1980 ...its not rocket science that a currency must be backed by gold reserves for it to be stable ..

[Lepototo]

It's an American idea. Conspiracy not to be overlooked here. Lifting of sanctions and suddenly they are competitive again? I wonder why all along no one thought of this ingenious measure. I will congratulate them but with a trace of scepticism.

[mlungisimthanti]

This is great, South Africa should consider going back to the gold standard as well, prevent currency manipulation by banks 😅

[ScootinWithDezi]

Zimbabwe Thinking its Narnia were anything is possible if you just imagine

[Charly-cc]

Thank God for Zimbabwe.. Nigeria should do the same.. and back the Naira with gas n Gold too

[jacobmaposa]

Yeah go Zimbabwe Go our own currency our Growth. I feel good

[gtxchufxvj]

Pretty much any currency is beating the Rand. Going from bad to worse every year.

[patternaid]

I wish them all the success in returning to real money and my Allha bless them for this ❤