Opinion / Columnist
Zimdollar has made citizens poorer
21 Nov 2022 at 04:57hrs | Views
WE can't progress if we don't accept reality and correct our shortcomings. It's a fact that the Zimdollar has brought more problems to our sick economy.
The Zimdollar prescription is adding more poison to the sick economy and surely, the Reserve Bank of Zimbabwe governor, John Mangudya, must do the honourable thing, and resign immediately.
I urge the government to urgently do away with this poison - Zimdollars - and revert to multi-currencies. It is better to get sweets as change than the poisonous Zimdollar.
As long as we continue using this poison, our economy will never recover due to the thriving black market. Those who have access to forex are getting huge returns, simply by spinning the forex with no production at all. The government must accept reality for the sake of economic progress.
It has failed dismally.
The Zimdollar prescription is adding more poison to the sick economy and surely, the Reserve Bank of Zimbabwe governor, John Mangudya, must do the honourable thing, and resign immediately.
As long as we continue using this poison, our economy will never recover due to the thriving black market. Those who have access to forex are getting huge returns, simply by spinning the forex with no production at all. The government must accept reality for the sake of economic progress.
It has failed dismally.
Source - Newsday Zimbabwe
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