By Law Togaraseyi| The questions to ask before introducing the proposed new
currency are:
1. Why did Zim change from pounds
to Zim$s in 1980?
2. Why and how did the Zim$ fall in
1997?
3. Why did government through the RBZ
introduce agro and bearers’ cheques?
What caused them to fail?
4. Why did government introduce a multi-
currency system in 2009?
5. How did forex flood Zimbabwe in
just less than 5 months in 2009?
6. What caused the shortage of forex
since 2014?
7. Why/how did bond coins which
were introduced in 2014 fail?
8. What were the reasons behind the introduction of bond notes in November 2016?
9. Where are the bond notes, and
how many millions/ billions were
printed?
10. What was the reason to introduce hot air (RTGS) currency?
11. What is the total value of RTGS
as a currency? If we can’t have the total value of the RTGS then how can we say it’s
money/ currency?
12. If the Zim$, agro cheques, bearers’ cheques, bond coins and notes and the RTGS failed, how will the proposed money printed on bond paper be a stable currency?
13. Will people have confidence in
money?