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Putting Faith In Zim Dollar Is Similar To A Wife Trusting A Habitually Cheating Husband - Biti

4 years agoSun, 22 Dec 2019 14:28:56 GMT
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Putting Faith In Zim Dollar Is Similar To A Wife Trusting A Habitually Cheating Husband - Biti

Former Finance Minister and MDC vice president Tendai Biti said that the re-introduction of the Zimbabwe dollar to replace the multi-currency regime has failed to yield the desired results.

Speaking to the Daily News on Saturday, Biti likened the Zimbabweans’ loss of trust in the Zimbabwe dollar to a wife who has lost faith in a cheating husband. He said:

De-dollarisation has failed … All of this is the sum of total idiocy of the government while its cheerleaders continue to applaud it.

The local currency is … like a wife who catches her husband with his pants down. Trust will never be fully restored.

Businesses and ordinary people have been ravaged by their own currency twice, so it’s a question of reality … self-defence.

Usanetseke neNetOne airtime.

Baya *405# utenge neEcoCash

There is nowhere in the world where a country that involuntarily dollarised has gone back to adopt its own currency. Cuba a few weeks ago went back to the American dollar.

Zimbabwe ditched the multi-currency system in June this year after businesses had started to accelerate informal re-dollarisation.

However, the local currency has been sliding in value exponentially since its introduction, with the government demanding taxes from certain sectors in foreign currency.

More: Daily News

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