By A Correspondent
Zimbabwe’s newly introduced currency, ZiG, is experiencing a dramatic collapse, with its value plummeting at an alarming rate.
This rapid depreciation has caused prices to soar uncontrollably, leading to widespread economic distress across the nation.
On Thursday, political analyst Majaira Jairosi criticized the Harare government for its handling of the currency crisis, labeling the regime’s approach as “totally clueless.” Jairosi remarked, “They repeat the same mistakes & expect different results. This is why it costs kutongwa nemadofo. It comes with a price.”
According to Jairosi, the government’s failure to address systemic issues such as human rights abuses, repression, corruption, and sadism undermines the stability of the currency and the broader economy.
“Human rights abuse, repression, corruption & sadism are contraindications to a strong currency & economic stability.
ZiG mari is collapsing before our eyes,” Jairosi asserted.
The rapid decline in ZiG’s value reflects a deeper economic malaise, exacerbating the financial struggles faced by Zimbabweans and casting doubt on the effectiveness of current economic policies.