Dollar o’clock: Should Zim axe its faltering currency again?

IN early 2019, Zimbabwe’s central bank announced plans to bring back the Zimbabwe dollar as legal tender after a decade of using the US dollar and seven other international currencies because raging hyperinflation had run the local currency aground.

The country’s economists warned against the move.

“The fundamentals are definitely not right to sustain any new currency,” Victor Bhoroma, an independent Harare-based economist told the Press at the time.

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