Top Tweets for #Structuredcurrency
The price of gold on the international market is rising.
RBZ has just devalued the value of ZiG by about 40%.
Is ZiG truly a #StructuredCurrency backed by gold?
My take is that RBZ has blinked first, and it’s a point of no return for ZiG!!
Prominent businessman Tawanda Nyambirai has called on the central bank to provide clarity regarding the sharp devaluation of the Zimbabwe Gold (ZiG) currency, especially since it is supposed to be backed by gold, which is experiencing rising prices.
https://t.co/XOtxAXoupS
#StructuredCurrency So all this fanfare and pageantry is a ruse to disguise the removal of zeros! We have leaders that 1. do not respect us & 2. have no interest in actually fixing the problem sustainably. You can't fix a leaking roof by painting over the stains on the ceiling!
I'm now waiting for the monetary policy statement from the men and women at Road Port to know what is really going on. #ZiG #structuredcurrency
Part of the Q&A from media put to the new Governor @ReserveBankZIM , Dr John Mushayavanhu.. #economy #ZiG #StructuredCurrency #macroeconomicstability #MPSzw #policy #NDS1 #inflation #consumers #localcurrency #goldreserves
The ZiG is legal tender in ALL transactions...that's what we will all be using now...Zvimwe zvese rava drama.
#ZiG #StructuredCurrency
✅ZiG... Zimbabwe Gold🇿🇼
In support of our country’s new currency.
We wont allow detractors to let this one fail
#StructuredCurrency
The currency merry-go-round in Zimbabwe Continues.
From the
#BearersCheque, #AgroBonds to RTGS, #BondCoins, #BondNotes now ZiG, #StructuredCurrency,
According to Zim authorities, #BondNotes were a #StructuredCurrency backed up by @afrieximbank
✅ ZiG is here finally!
The notes are coming in denominations of 1, 2, 5, 10, 50 and 100.Zimbabwe dollar balances to be exchanged at Z$1 : ZiG 13,5686 from Monday. Value derived from dividing ZWL rate with today’s gold price.
#ZiG
#StructuredCurrency
Zig be sounding like some dancehall track and we are making it a currency??!!😂🙌🏾
#ReserveBankOfZimbabwe #Bond #RTGS #Structuredcurrency
RBZ Governor John Mushayavanhu says ZiG value is not the same as ZWL. Zimbabwe dollar balances to be exchanged at Z$1 : ZiG 13,5686 from Monday. Mushayavanhu says value derived from dividing ZWL rate with today’s gold price
#StructuredCurrency
Zimbabwe has a new currency known as ZiG (Zimbabwe Gold). The notes are coming in denominations of 1, 2, 5, 10, 50 and 100. Coins for half and a quarter ZiG
#StructuredCurrency
#Zimbabwe
We have walked this road before, Mr PS.
These experiments started with #BearerCheques, #AgroBonds to RTGS, #BondCoins, #BondNotes now ZiG, #StructuredCurrency, etc.
According to Zim authorities, #BondNotes were a #StructuredCurrency backed by a loan from @afreximbank.
What is different this time around?
We have walked this road before, Mr PS.
These experiments started with #BearerCheques, #AgroBonds to RTGS, #BondCoins, #BondNotes now ZiG, #StructuredCurrency, etc.
According to Zim authorities, #BondNotes were a #StructuredCurrency backed by a loan from @afreximbank.
What is different this time around?
Why would anyone doggedly make it their mission to fight Zimbabwe’s currency? Why would they turn themselves into a crusader in an effort sabotage all the endeavors to stabilize things in Zimbabwe? Rank Treachery.
As we engage in the #StructuredCurrency or #CurrencyDebate, it’s important to bring the views of the monetary authorities themselves, the @ReserveBankZIM …
One of the conditions (macroeconomic FUNDAMENTAL) for a stable currency is:
“A minimum Foreign Exchange RESERVES equivalent to one (1️⃣) year of #ImportCover”
@daddyhope was right to raise the issue of the import cover… it’s an indicator of currency stability.
This morning, President Mnangagwa inspected Zimbabwe's Reserve Bank gold reserves in preparation for tomorrow's monetary policy unveiling and the launch of the structured currency.
📸Believe Nyakudjara | Sunday Mail
#RTGS #Zimbabwe #StructuredCurrency
You can rig all the elections you like.
But you cannot rig the economy.
#StructuredCurrency
Gone are the days when money was money.
Let’s stop pretending like we want to solve the economic challenges. There is NO political will to address the elephant in the room.
#CurrencyDebate
#StructuredCurrency
🔴Someone in the Zimbabwean government behaves like this when they see our money in the bank. Keep your money where they can’t loot it! #StructuredCurrency
#CurrencyDebate #StructuredCurrency
We all know that the #CurrencyBoard or joining the #RandMonetaryUnion will deliver a STABLE currency from day one.
Why is the ruling elite not taking that route?
Both the CB and RMU has one disadvantage:
* The RBZ will not be able to control money supply and will be forced to align most of our monetary and fiscal policies accordingly.
* It will be difficult to do our money laundry services as SA banking system (or CB) is strict and a bit tight.
Dear Sadza Eaters. Anyone with #StructuredCurrency document? Or statutory instrument yacho? Ndoda kuverenga ndigovukurawo. Thanks 🇿🇼🇿🇼🇿🇼🇿🇼🇿🇼📚📚📚📚
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