By Own Correspondent| Economist Professor Steve Hanke has advised the Zimbabwean government to dump its “fake dollar” and dollarise to avert havoc.
Professor Hanke said the country’s excessive government control coupled with an incompetent central government yields “havoc”.
Said Professor Hanke:
“In Zimbabwe, the gov’ts two cents per dollar tax on electronic transactions has led to widespread panic and shortages of goods. With inflation already hovering around 50% per year, its time to dump the new zim dollar and dollarize.
In Zimbabwe, the gov'ts two cents per dollar tax on electronic transactions has led to widespread panic and shortages of goods. With inflation already hovering around 50% per year, its time to dump the new zim dollar and dollarize.https://t.co/DLUS9fwwv0
— Steve Hanke (@steve_hanke) October 7, 2018
However, Professor Hanke’s advise drew mixed reactions from citizens some of which are here below: