Political analyst Dr Pedzisai Ruhanya has described the ban on the use of foreign currency by Emmerson Mnangagwa’ so government as political suicide.
So ED thinks return of Zim dollar, fake money will stop the use of foreign currency. Now RBZ will purchase new machines for printing massive useless notes. Back to 2007/8
It’s official. The Zimbabwe dollar is back. This is economic suicide!
This follows after the government has banned all foreign currency with effect from today using SI 142 of 2019. All transactions will be settled using the Zimbabwe Dollar.
art of the Statutory Instrument 142 of 2019 reads:
Zimbabwe dollar to be the sole currency for legal tender purposes
2. (1) Subject to section 1 with effect from the 24th June 2019, the British pound, United States dollar, South African rand, Botswana pula, and any other foreign currency whatsoever shall no longer be legal tender alongside the Zimbabwe dollar in any transactions in Zimbabwe.
(2) Accordingly, the Zimbabwe dollar shall, with effect from the 24th June 2019, but subject to section 3, be the sole legal tender in Zimbabwe in all transactions.