By Dr Tapiwa Mashakada| At long last it has happened. The RBZ has finally announced in its 26th March Monetary Policy announcement that with immediate effect the USD can now be officially used as legal tender for domestic transactions. Which means consumers can choose to pay in usd or ZWL$ as the please.

The RBZ has smelt the coffee and done the right thing. As Advocate Nelson Chamisa and I opined many times, the economy had already de-dollarized on its own.

Now we are appealing to retailers to do proper dual pricing of goods and services based on the now fixed exchange rate(not parallel market).

Redollarization will yield price stability as the USD is a store of value and a stable medium of exchange.

Authorities must listen to voices of reason and react to good policy advice in good time to avoid unnecessary macroeconomic dislocations.

The process of disinflation has now begun in ernest. In the next articles we will proffer alternative solutions on how to increase the supply of usd in the economy. Zikomo.