By Jane Mlambo| Economic expert Vince Musewe has hailed the move by the Reserve Bank of Zimbabwe to re-dollarize saying it works to control inflation while reducing parallel market activities that were piling pressure on authorities.

Posting on Twitter this morning Musewe said Mangudya had fought a lone battle on currency issues and his recent move to allow use of USD as cash or electronic payments was the correct thing to do.

“Kudos to John Mangundya who I suspect has fought a lone battle on currency issues. Allowing use of USD as cash or electronic payments for local purchases is the correct thing to do. Means one does not have to convert USD to ZWL which was inflationary and fuels parallel market,” said Musewe.

He urged the Finance minister Professor Mthuli Ncube to institute a production taskforce rather than a currency taskforce saying the country needs to increase production capacity of the economy.

“Mthuli Ncube we do not need a currency task force. We need a production task force to increase productive capacity of the economy. Duplication of resources and RBZ functions is wasteful and we are recycling same characters on these boards and task forces,” added Musewe.