What the currency reforms mean

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FOLLOWING Monday’s restoration of the Zimbabwe dollar — through statutory instrument (SI) 142 of 2019 — the “last leg” of Finance minister Mthuli Ncube’s currency reforms have brought with them quite a number of implications for both businesses and ordinary Zimbabweans.
Like other previous and controversial policies such as command agriculture — which was blamed for fueling money supply growth, national debt and inflation — this particular move might actually turn out to be a Trojan horse too by curtailing companies’ ability to trade, individuals’ privilege to earn real dollars, unleash a more vicious currency black market and allied commodity shortages.