New Zimbabwe dollar the worst performing currency in the world

Vrotappel

Bulls fan
Joined
Feb 22, 2005
Messages
17,183
Folks, gloating at our neighbours bad fortune does nothing for SA. Just means we will have more people flooding our borders and creating heightened tensions within SA.
Like there is anything that can actually be done?

South Africa is on the same road btw.
 

SoldierMan

Well-Known Member
Joined
Aug 3, 2019
Messages
225
Wakanda will sort this out, they have said that they are planning to help other countries from now on. One of the few decent African countries left. Viva Wakanda viva!
 

Sollie

Expert Member
Joined
Apr 20, 2005
Messages
4,436
Like there is anything that can actually be done?

South Africa is on the same road btw.
Now that brings back memories ...

JM & Co is unhappy with our national anthem.

 
Last edited:

Acid0

Expert Member
Joined
Feb 10, 2009
Messages
3,750
We are always saying "At least they have land..." but do they really do.

Do everyone have a deed of the piece of land he resides on or are they mostly nomads.

It is exactly what happens here, the government throws the same stats that whites own most land but what they are not saying is that when they buy the land from a farmer they dont transfer it to the people no they keep the deed in the governments name thus it will always look like whites own the land as the stats never change
 

rietrot

Honorary Master
Joined
Aug 26, 2016
Messages
15,375
We are always saying "At least they have land..." but do they really do.

Do everyone have a deed of the piece of land he resides on or are they mostly nomads.

It is exactly what happens here, the government throws the same stats that whites own most land but what they are not saying is that when they buy the land from a farmer they dont transfer it to the people no they keep the deed in the governments name thus it will always look like whites own the land as the stats never change
Half wrong. If the government buys land it will register in their name, the government department, or some trust or something. Government land doesn't appear as white land.

But ja. The people won't get any of it.
 

Deadmanza

Honorary Master
Joined
Sep 13, 2013
Messages
11,171
Well done! Not to worry the ANC will soon drag SA down right alongside these poor unfortunates.
 

Acid0

Expert Member
Joined
Feb 10, 2009
Messages
3,750
Half wrong. If the government buys land it will register in their name, the government department, or some trust or something. Government land doesn't appear as white land.

But ja. The people won't get any of it.
That is my point exactly, when government buys the land it does not get transferred to the new owners but is still in the ownership of government and that does not get used as stats to show who owns land so for long whites will own more land according to the stats.
 

Utterly Confused

Well-Known Member
Joined
Feb 8, 2015
Messages
363
why don't they go to some countries and start trading their minerals, land etc for PROPER currency. Adopt the currency and make strategic global export partnerships to drive the GDP up so the country's reserve bank can have proper liquidity. Then focus on jobs by getting foreign companies to open up shop in the country and create work opportunities.

It will take time but its doable in the next 10 years.
One problem, that's not the African way.
 

Mila

Honorary Master
Joined
Nov 11, 2008
Messages
51,120
Where is the dude that kwpt telling us it was white propaganda and everything is fine in Zim
 

Urist

Expert Member
Joined
Mar 20, 2015
Messages
2,120
Well they are following the textbook example of how to get hyperinflation each time.

I thought the Zimbos are smarter than this.
Venezueleans are smart as well, but it means nothing against an AK47
 

Gordon_R

Executive Member
Joined
Jul 5, 2009
Messages
7,839
That is my point exactly, when government buys the land it does not get transferred to the new owners but is still in the ownership of government and that does not get used as stats to show who owns land so for long whites will own more land according to the stats.
But wait, whites will now be able to lease land for 99 years from the Zim government. At least until the rules change again: https://www.fin24.com/Economy/Africa/zim-to-de-racialise-land-ownership-in-new-investment-drive-20190918
 

Gordon_R

Executive Member
Joined
Jul 5, 2009
Messages
7,839
Economy really starting to feel the squeeze: https://www.fin24.com/Companies/Industrial/zim-freezes-accounts-of-countrys-biggest-fuel-supplier-car-dealership-20190920
Zimbabwe’s central bank has frozen bank accounts belonging to the country’s biggest fuel supplier, as well as the largest car dealership, in what is believed to be efforts to stabilise a plunging currency.

Officially, Zimbabwe’s local dollar has lost more than 80% of its value since February - but the black market rates show an even larger decline. Last week, the central bank raised interest rates to 70% in response.
 

Gordon_R

Executive Member
Joined
Jul 5, 2009
Messages
7,839
Doomed attempt to clamp down on exchange markets: https://www.fin24.com/Economy/Africa/zimbabwe-central-bank-tightens-rules-for-currency-exchanges-20190921
Zimbabwe’s central bank has tightened the rules governing the trade of foreign currency by money exchange offices with immediate effect.

The rates offered by exchange offices must be 7% above or below the interbank mid-rate, the central bank said in an emailed statement. Failure to comply would result in either heavy financial penalties or license revocation, it said.
 
Top