When the Zimbabwe dollar died slowly in 2008, it was the rational and economic man and women of Zimbabwe, the people, who buried the corpse and brought in the United States dollars as we know them.
Between 2013 and 2018, through warped policies, wanton spending, recklessness and gross ineptitude, Mugabe’s government chased away the United States dollar, leaving the Zimbabwe dollar in its trail.
But guess what, its repetition all over again.
The government is battering and killing this Zimbabwe dollar, by overprinting it.
And if you watch carefully, again, like in 2008, the people are bringing back the United States dollar again, at the right price officials like to call parallel market rates.
In short, they are busy killing the Zimbabwe dollar they brought back between 2013 and 2015, and the people are, once again, bringing back the United States dollar at the right price.
They are the heroes, you know why?
Because they are rational economic men and women! It’s the work of the invisible hand.
By Matt E.T Matigari for The Source
(753 VIEWS)
Zimbabwe Finance Minister Mthuli Ncube told legislators yesterday that the newly introduced Zimbabwe Gold currency…
The introduction of the Zimbabwe Gold (ZiG) as the country’s new currency is a critical…
Zimbabwe businesses have not transitioned to the nation’s new currency as they continue to adjust…
Opposition leader Nelson Chamisa has formed a whatsapp news channel called Chamisa News Channel (CNC).…
In the last week, Zimbabwe, following both Malawi and Zimbabwe, has declared a drought emergency,…
Zimbabwe central bank governor John Mushayavanhu can shout “not under my watch” as much and…