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Showing posts from December, 2011

Reintroduction of the Zimbabwe Dollar

Well I just read the funniest thing in the paper the other day please read this first and tell me what you think http://t.co/9ClMiiMo .I am not the foremost expert on monetary economics but this does not make sense. Our government is thinking of reintroducing a currency that was not actually accepted as a form of trade when finally was withdrawn. Well I can't think that this is an immediate strategy, however, I fear for the recovery of the economy if this is the case. The key factors that led to the decline of the Zim Dollar are still very present in the economy un-competitive export regime, large demand for imported luxury goods, the economy is dominated by government and psuedo-government operations, and large parts of the manufacturing industry survived on protectionist policies to allow them to operate. All this is added upon by the fact that political players from the main political parties are so polarized, that making a decision to act for the good of the country often falls