Here’s is President’s Mnangagwa full statement (released on his official Twitter account) about the reintroduction of the Zimbabwean Dollar:
President Mnangagwa’s Statement Explaining Why Zim Dollar Was Reintroduced
Here’s is President’s Mnangagwa full statement (released on his official Twitter account) about the reintroduction of the Zimbabwean Dollar:
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Techzim guys please stick to tech leave politics alone. This site has now become more of a political site rather than tech. It used to be a great site but now hmmm……… You need to change guys, i always dependent on you in terms of new tech news but now its all about politics.
If there is a problem with multi-currency and it is causing a problem because prices are being based on US$ while salaries are in RTGS$ why was the choice made to use the weaker of the 2 currencies? why are we not choosing to stick with a more stable currency and simply shelve the currency that is not working?
The reality is that we import a substantial amount of products, the value of our currency is always going to be determined by that fact, it doesn’t matter how much money we have if our suppliers will not accept it, it is not worth the paper it is printed on or the pixels it burns on a screen.
If we have taken the first step and banned other currencies in our country should the second step not be to force every other country to accept our new currency?
I would like to go and visit my friends who have fled the country and take them out for a nice meal in a restaurant in their country with my hard earned money, they for sure would do the same if they were to come and visit me, but we have 2 problems now, if they were to come here they could not pay without changing their money into a local currency, but I am sure a simple stop at any bank in the country will solve that issue, however I am not so convinced yet that I would get the same treatment in any bank in their country, I think I may be laughed out of any currency changing organization with our currency but at least we will not let foreign money change hands within our country.