Zimbabwe’s Reserve Bank introduced higher denomination bank notes on Monday in another sign of the hyperinflation situation in the country.

Keeping up with it’s policy of introducing new bank notes every month, the reserve bank introduced new 10 000 and 20 000 Zimbabwe dollar notes. But is this the best way to solve the country’s money problems?

We had high hopes of economic improvement after the signing of the power-sharing agreement, but so far we haven’t seen anything closer to improvement. In fact things seem to be getting worse everyday.

“What the central bank is doing is in response to economic challenges, and the objective is clearly to help cushion the people,” the state-run Herald newspaper said on Monday in an editorial about new currency and foreign exchange rules.

Gono has been introducing new bank notes every month, but has this helped the cash situation in the country? NO! The central bank has failed to solve the money problems in Zimbabwe.

This is a combined failure by the reserve bank and the government of Robert Mugabe, that’s why Zanu PF should never have been allowed to cheat their way into power again. As long as we have these people in government there is no hope in Zimbabwe. Just look at how they are holding on for the most powerful cabinet posts in the new government of national unity…..despite their incompetence.

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