ZiG will stand or fall on public trust, nothing else

THE manner in which the government introduced the new currency, Zimbabwe Gold (ZiG), is proof that little or nothing has been learnt from previous similar experiences. Zimbabweans are still traumatised by the destruction of wealth that was caused by five other attempts to rein in galloping inflation including the introduction of bearer cheques and bond notes.

At the time of writing the black market was setting the pace, which is partly a reflection of the public’s mistrust of government.

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