Instead of relief, chaos and confusion is the order of the day in Zimbabwe. Zimbabweans hunted for coins stashed away years ago in jars and cupboards and headed for the shops were long queues have been forming as till operators used to counting notes, struggle to count the bags and tins full of coins.
The re-introduction of coins has come as a relief to all those people who had coins but didn’t know what to do with them. It’s like a bonus!
This has also bought a bit more money in circulation, but is this going to solve the cash problems in the country?
However things are not right in Zimbabwe. All these new measures are just desperate attempts to save a sinking titanic. Will they succeed? Not so sure.
The economy is confused, the people managing the economy seem to be drunk and now they have managed to cause confusion in the whole country.
In supermarkets, till operators used to counting loads of notes now have to deal with bags of coins. Besides the pain of counting them…I guess some of the coins will not be that clean. But does the government care about the health of those handling these coins?
The biggest denomination note is $500, equivalent to $5 trillion in the old denominations. The old bank notes remain effective until December.
Can the Zimbabwe Dollar be saved? Have your say by posting your comments.
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