A Zimbabwean journalist based in the United Kingdom has called for the re-introduction of the defunct Zimbabwean dollar.
Brian Musonza claimed that the adoption of the multi-currency regime is the worst decision ever made. He said:
The decision to adopt the US dollar as the official currency is the worst economic decision ever made in this country (Fact).
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The country could have easily nursed the Zim Dollar using the GNU political unity and trudged gingerly bit by bit.
Whatever the excuses and reasons people may come up with; in my view, multi-currency goes down as the worst decision ever made in the history of economics; and again like land reform, we are now a case study in the economics literature on what not do when faced with such a scenario. And the only solution to this misery is a complete reversal of that madness.
Failure to do that you will all perish in those large structures of mansions and in your cars. Bring back the Zim Dollar or peril.
I have never ever seen a country with so many fuel guzzling 4x4s. The ones on the road and the ones on the market. Small and big expensive cars; not just in the city, in the rural too.
More cars; high fuel demand. And high energy import bill; big impact on the current account. Current Account is the nerve centre of national currency.