06-25-19 by Spotlight Zimbabwe

Zimdollar Return: Nelson Chamisa Castigates ‘Guerrilla Economics’

Pindula News 

MDC president Nelson Chamisa has criticised the re-introduction of the Zimbabwean Dollar by the government of Zimbabwe, saying that such a move is ill-advised and confidence-draining.

On Monday, the government issued Statutory Instrument 142 of 2019 which effectively ended the multi-currency regime while restoring a mono-currency one.

Writing on microblogging site Twitter, Chamisa identified what ought to be in place for the currency to be fully sustainable. He wrote:

GUERRILLA ECONOMICS and ambush currency measures are ill-advised, destructive and confidence-draining. Zim-dollarization requires that macroeconomic fundamentals, public confidence, trust, fiscal discipline, political stability and legitimacy be in place for it to be fully sustainable.

Below is Chamisa’s tweet:

nelson chamisa@nelsonchamisa

GUERRILLA ECONOMICS & ambush currency measures are ill-advised, destructive & confidence-draining. Zim-dollarization requires that macroeconomic fundamentals,public confidence, trust,fiscal discipline, political stability and legitimacy be in place for it to be fully sustainable.

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