Is Zimdollar coming back through coins?

EDITOR — Zimbabweans are panic-stricken over Reserve Bank of Zimbabwe’s (RBZ) pronouncement of the possible come-back of Zim coins as it provokes the bad memories of the then worthless local currency which was the protagonist of run-away inflation.

RBZ seeded skepticism among citizens who are in a quandary as to what these coins hold for their future in our economy.

RBZ did not put enough effort to offer civic education to all citizens explaining the position of coins as a medium for exchange.

Citizens are not sure if this is not a devious means which marks the comeback of the local currency which robbed them of their savings five years ago.

Let me ask RBZ how these coins match into the multi-currency genre which is dominating our economy at this point in time; and will RBZ continue to inject more and more of such coins until they probably exceed the value of circulating bank notes in the Zimdollar fashion when at one time everyone in this country became a “quintillionaire” or much “richer” than this?

It is critical to remind each other that despite these large sums of cash in our pockets, we were all languishing in abject poverty as this money was losing value at an alarming rate.

It is in this vein that I am asking RBZ to explain this important development in order to boost confidence and morale among all citizens that are bracing-up for a replication of 2008 when the local currency failed in its prime role.

How do the new coins relate to the US dollar which dominates our economy at this point in time?

RBZ is urged to carry-out a massive public awareness campaign about the coins in order to enlighten the public on this development.

At the moment citizens are starved of information.

This cultivates skepticism which is propelled by information deficit.

To break-through, RBZ should go into high drive to popularise the coins through various media channels, both print and electronic, as well as outreach programmes across the country.

Suitable Kajau

Comments (18)

yu ar sc a ghost! yu want to create hostility btwn pipo and the zim dollar, tell pipo to like it and develop confidence in it.

Citizen - 12 December 2014

A big yes. We shall soon see the fast disappearance of US$ after the flooding of the coins. Afterwards, with people overloaded with Zimcoins, RBZ will introduce starting with a 'convenient 'USD1 equivalent then later $2, $5 and so on.

Gutu - 12 December 2014

zimdollar is never acceptable as long as Robert the Malawian is in charge.

demo - 12 December 2014

.... then there are pple who just refuse to reason and apply them selves, all you see is negative! tomada macoin acho tanzwa nema sweets!

proffessor - 12 December 2014

Why didn't the Government purchase US coins and make life easy? Why won't any supermarket accept US coins yet the prices are marked in Us $ and cents?

cent heavy - 12 December 2014

Nyaya yemacoin government ngaigwarire vanhu vanogona ku dumpa macoin awa kuaona akarasirwa mustreet,as long as munhu akabata the real US dollar, he wont worry about the coin.Government inokwanisa kurasikirwa nemari zhinji .Mind you vamwe vane matrank achakazara ne Zimdollar .Imi vemaNewspaper edzai pamunokwanisira kuadvisa Government.

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LIZ - 16 December 2014

We are a docile people, next time they can take leaves from some jatropha tree and say these represent a us dollar and we will accept.

maita - 18 December 2014

bond coins and soon bond paper.

dzvati - 20 December 2014

Zimbabweans should not accept these useless coins. Why are they giving us worthless coins to exchange for real money? They have clearly failed to run this economy and shouldmjust pack and go because all these cosmetic changes will not take us anywhere

solomon - 14 January 2015

I disagree with any of those who are agitating for non return of Zimdollar. I am more than willing to use the Zimdollar. I assume the return of the local dollar is not the problem per se but the managment of it. We have the technocrats in this field and I would be pleased to hear their views on this issue.

ndizvo - 25 January 2015

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