Zimdollar return: Beware the cobra effect

Guest Column: Cliff Chiduku

Last month, the government took all and sundry by surprise when it banned the use of multi-currencies in all local transactions and reintroduced the Zimdollar; abandoned due hyperinflation in 2009.

The move shocked Zimbabweans, who have the 2008 memories still fresh, where they lost their savings when the exchange rate plummeted to Z$35 quadrillion to the United States dollar.

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