Zimbabwe must adopt the South African Rand as the country’s economy will not recover under the current US dollar-dominated multi-currency environment, opposition MDC Renewal leader Tendai Biti has said.
Finance Minister Patrick Chinamasa recently voiced concern about the downside of the multi-currency environment but ruled out any changes or bringing back the reviled Zimbabwe dollar in the medium term.
But speaking at a public meeting on the performance of the economy organised by the Media Centre, Biti, who now leads a faction of the MDCT, said as long as there is no production to back the US dollar, the revival of the economy will remain a dream.
He said the main reason why Zimbabwe should ditch the US dollar was not because of its source but the method and cost at which Zimbabwe is getting it from the American Federal Reserve.
“We can actually use firewood as a medium of exchange, it can work,” said the former finance minister…
South Africa Today Africa – Southern Africa Zimbabwe News
