De-Dollarisation "Is A Very Good Move Which Brings Back Normalcy In The Economy"- Herald

De dollarisation has been received with mixed feelings. Some feel that it will take us back to 2008, some say its a good move, some are saying its ill-advised.

Industrialists and Economists who spoke to The Herald have said de dollarisation is a great move that will bring stability to our economy. One David Norupiri who was once The ZNCC President had this to say:

Generally, I think it is a very good move which brings back normalcy in the economy,”

“Where we were going as a country was becoming uncontrollable in terms of pricing, in terms of costing of goods by industry and in terms of inflation simply because the economy was self-dollarising.

“So the fact that the economy was self-dollarising meant that the US dollar was now in the hands of a few people, and many people didn’t have access to the US dollar and things were now becoming very difficult and very expensive for ordinary citizens.”

HOT DEALS:
itel A70 - (128GB, 3GB RAM) $89,
itel A70 - (256GB, 4GB RAM) $99
itel P40 (128GB, 4GB), (6000mAh) $99
itel P40 (64GB, 4G), (6000mAh) $93
Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika.

WhatsApp: 0783 450 793

He further reiterates that de dollarisation could afford businesses the clean slate that they have always needed:

“I think the situation whereby all the legacy debts are going to be paid on a 1:1 is a very big plus to business. Businesses are going to wipe off their legacy debts if they have enough RTGS balances and businesspeople can start on a new slate

Another Economist Mr Gwanyanya who spoke to the same publication also had this to say:

“I think it’s an issue of finishing a journey that Government started; Government had undertaken to introduce a local currency, that was the journey, and finally, we have arrived,

Other economists approached by Herald like Mr Ruzvidzo from CZI said he is digesting the move while Mr Shamuyarira from ZFTU is said to have welcomed the move by the government to de dollarise.