Why a Zimbabwean firm offers pensions denominated in cows

Save time by listening to our audio articles as you multitaskSo Mr Chamunorwa, an actuary trained in Britain, started a company, Nhaka Life Assurance, to sell inflation-proof pensions to Zimbabweans. The pensions are not denominated in Zimbabwe dollars, since they quickly evaporate, nor in American dollars, since many Zimbabweans areInstead, they are denominated in cows, which the government can’t print.

. Mr Chamunorwa jokes that he has merely updated an old idea and added livestock insurance. His scheme is especially suited to a country where savers have lost all confidence in conventional finance. The only way to rebuild trust is to offer people “things they can touch and see”, he says. Nhaka holds viewing days when some of its 70,000 clients can visit the cows.

Mr Chamunorwa also likes to get away from his office in Harare, the capital, and visit them. At Nhaka’s farm in Selous, 75km away, he watches newly weaned calves hungrily munching hay, and offers his actuarial opinion. “Most of these, we’ll be putting a bull on them in 12 months’ time,” he says. That will be “a compounding of the investment return”.

This article appeared in the Middle East & Africa section of the print edition under the headline"Heiferinflation"

There are some companies in the UK that cover the bankruptcy of the Zimbabwean company and the blocking of transfers ?

They mostly use cows instead of usual money

Everyone should be thinking about holding commodities in their pensions ;] $£€ = dogshit.

Rodrigo_Lara_ El Registrador es un bandido como así que con pruebas tan contundentes el señor siga ahí, los colombianos se aguantaron una pero dos veces no creo, esto se convertiría en una guerra civil, el Meta entre los 2 Dptos más corruptos del país 23 mil jurados de votación al Pacto Diab.

And treat animals as a commodity in the process. Evil.

i think a cow based economy is a good idea🐄🐄🐄

Beats a fake internet based money, for sure.

Funny huh? And you bought Bitcoin!

A look at the crypto market makes you realize that cows (ranchers) are more secure than even StableCoin projects.

National shutdown RSA

stablecoin

please feed this cow🐄

Better than holding Zimbabwe Dollars

So what? In Virginia, we used tobacco.

here are my naked photos

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