🟣A currency board may be a good idea in principle. However, this Govt has a knack for taking a respected principle or economic idea then twisting, distorting and mashing it up until it becomes a bad thing. Look what they did with the forex auction? Have you seen their rendition of a Sovereign Wealth Fund? Sugar tax?
I could go on.
The economy doesn't need fancy terms or hare-brained ideas.
It needs an honest conversation about the fundamentals. Nobody has confidence in the Zimbabwean currency or the economic direction. Half the population lives in extreme poverty. Price hikes are choking the common person. Our taxes are the highest and most extortionate they’ve ever been. Wages have been eroded, especially for civil servants.
The Government rejects payment in the local currency for something as basic as a passport. Hyperinflation is in quadruple digits according to economic experts, the highest in the world. Policies are never consistent. Property rights are repeatedly violated. There is no land tenure so one of our greatest assets has been reduced to dead capital.
There’s no transparency with foreign agreements that encumber national assets. We ignore the ballooning debt crisis. Corruption is rife. Government overspends but never on the people. Nothing works.
It’s a mess.
We need new leaders.🇿🇼