LAST I participated in a debate organized by the Financial gazette on whether Zimbabwe should re-dollarise or not? and as expected, all panellists agreed that the economy has already dollarised unofficially.
Evidence of the wide use of foreign currency in private transactions (as a unit of account, a medium of exchange and as a store of value) is glaring.
Dollarisation discussions have come to the fore given the deteriorating economic fundamentals in the country.
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Reserve Bank of Zimbabwe, governor John Mangudya and Finance Minister Mthuli Ncube
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