‘The Zim market was self-dollarising ... it was out of control’

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Zimbabwe fast-tracked the introduction of a new currency because the use of the US dollar has caused a lot of suffering, finance minister Mthuli Ncube told Times Select.

Zimbabwe fast-tracked the introduction of a new currency because the use of the US dollar has caused a lot of suffering, finance minister Mthuli Ncube told Times Select.

The decision was arrived at after civil servants argued that if the government could not pay them in US dollars, they would in effect be working for free.

 

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Wow

Ummm

You want an example of the outcome of inept government, her is one of the best. A prime example of a death spiral, from fabulous to £€£€¥ in the shortest possible time.

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