by Business Reporter
Political, social and economic commentators have availed mixed reactions to the Newshawks story that Zimbabwe will this week avail a new currency or denominations, structured currency, as the country grapples to control the spiraling fall in válue of the local currency.
With the country having assumed a new Reserve Bank governer in Mashayabvudzi, following the end of John Panonetsa Mangudya’s tenure today as announced by the country’s president earlier this year, the shift has been met by reports that the country will avail a new currency this week.
The development has led opinion leaders to take to social media to air thier views on the looming currency changes for the Southern Afričan country that has experienced dwindled economic growth in the past two decades, the ruling party has ascribed to Sanctions while the opposition has blamed the ruling party’s mismanagement.
Taking to social media platform X, Village head and businessman Themba Mliswa said, “Changing the currency isn’t much of a plan. It’s the empty swap of uniforms by a poor team. It remains itself in any attire. What is of essence is what backs the currency. We have exported all the gold& can’t back our own money. How much gold reserves do we have today?”
Inlight of past consequential losses to the banking population following currency changes, Oposition politician and lawyer Fadzai Mahere said, “Make sure you have no money of value in the bank. By now, Zimbabweans should not need a lesson on the most important rule – put your money where you can see it with your two eyes.Thank me later.We need new leaders.”
Zambian Political commentetor and Zimbabwean social, political and economic critic Joseph Kalimbwe took to Facebook and said, “Changing a currency is not an economic solution, it’s a sign of economic failure. Zambia has had one currency since 1964 & we shall keep it as such. As a people, we admit our political mistakes, fix & correct them than lying that we have the strongest currency in the region !!!”
Social media users were also quick to go against the allegedly looming position as the story.
Zimbabwe has on record experienced some of the worst inflation rates and has changed and introduced new currency measures atleast trhové in the past decades despite foreign currency remaining a major form of monetary value.
While Newshawks remains oné of the country’s credible investigative on-line newpapers, an official comment is yet to be issued by the country’s government.