Thursday, June 2, 2016
Zimbabwe in February 2009 adopted multiple currency regimes which technically transformed to a kind of full dollarisation as the United States Dollar later dominated the currency basket. Since 2009 there has been debates on the pros and cons of dollarisation. In recent weeks, there has been health debate on the introduction of bond notes alongside multiple currency regime. I must command the Governor of the Reserve Bank for not getting tired on this matter. He has been explaining and explaining. As we carry on this matter, l thought it will be prudent to look at the cost benefit analysis of dollarisation and our way out.
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