Zim Dollar, Twin Deficits and The Rate
Queues, shortages, hyperinflation, and poor billionaires – these are just a few things that come to mind when citizens of Southern Africa’s former breadbasket see the words ‘Zim Dollar’. Few things incite more distressing feelings and unpleasant memories in the hearts and minds of Zimbabweans than the sight of their not-so-beloved local currency. However, now we need our sovereign money if we wish to see economic prosperity in our country. Benjamin Franklin and his fellow dead presidents of the United States of America saved us from almost certain oblivion in 2009 but as evidenced by the current state of our economy – this is no longer sustainable. We need the Zimbabwean Dollar and here’s why: Let us begin some with non-economic factors. A national currency is a form of national pride. It promotes patriotism as we feel it is our national responsibility to safeguard the value of our money. Local banknotes can serve as a method of promoting tourism as many nations decorate thei...