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Functions of Money THREAD.
As you might have read already, the ED government has abolished the multicurrency regime and fast-tracked the reintroduction of the #ZimDollar. We will continue with our functions of money thread, but with brief responses to this new development.1
We are of the firm belief that policy debates, especially on important subjects like the national currency, should be conducted in an open, transparent and jargon-free manner. I challenge Hon Mthuli/Mangudya to do a lecture on currency reform at UZ, NUST of MSU.2
Today we are focusing on the key functions of money, namely medium of exchange, unit of account, store of value and standard of deferred payments. Anyone who has done 'O' level economics would know this stuff. 3
@GutuObert @buildzimbabwe @DrNkosana @drnmanyika @shumba327 @zimlive
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