Zimbabwe does not need a new currency, Zimbabwe needs a new leadership.

The planned introduction of ‘new currency’ is a welcome development as it will show how clue free Mnangagwa and Zanu pf are.

A currency is a reflection of macroeconomic economic fundamentals’ strength not a way to solve weak fundamentals. So a change of currency without dealing with the fundamentals is an exercise in futility. Very soon, the poor people(all of us) will be mass billionaires. A 97% unemployment, 800% inflation and a negative Balance of Payment are signs that the planned currency wont last.

The government is running in circles like a headless chicken. FDI has failed to come their way because of illegitimacy, corruption and human rights abuse. No one will be stupid to throw their money where the little that is there is being channeled towards hiring a private jet from Dubai to fly Mnangagwa from Harare to Bulawayo. This is an insane government.

US$3.5 billion was gobbled under the guise of command Agriculture. Neither the government nor the people benefited, only the cartels bagged the money and most probably gave some to their leader Emmerson Mnangagwa. A currency wont survive under such circumstances of massive corruption and fiscal indiscipline.

Zimbabwe loses millions of dollars to corruption on a daily basis. Imagine only a single Ministry failing to account for 3.5 billion, what of all other Ministers, including departments and top level individuals, combined? Its corruption everywhere and people are looting uncontrollably.

The only way forward is forming new Government totally free from Mnangagwa and Zanu pf.

Antony Taruvinga
D. Secretary for Finance and Economic Development
MDC Youth Assembly