Zim Should Have A Currency Board To Have Its Own Stable Currency – Steve Hanke

United States of America-based economic commentator Steve Hanke said that if Zimbabwe wants its own stable currency, it should have a currency board.

Writing on microblogging site Twitter, Hanke said:

In Zimbabwe, even a simple salad costs nearly $16. Yes. That’s USD. With an annual inflation rate of 396%/yr, even basic items have become luxuries. If Zimbabwe wants its own stable currency and low inflation, it must establish a currency board.

In #Zimbabwe, even a simple salad costs nearly $16. Yes. That’s USD. With an annual inflation rate of 396%/yr, even basic items have become luxuries. If Zim wants its own stable currency & low inflation, it must establish a currency board. pic.twitter.com/2t8YVnWerJ

— Steve Hanke (@steve_hanke) June 21, 2019

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