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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
Read 22 tweets
1/7 One of our major undoing as #Zimbabweans is our unconscious hatred for information and detail especially for a country & society that prides of high literacy rate. Prof. @ProfJNMoyo had this to say during a SAPES seminar “Whither Zimbabwe’s Nationalist Project” in 2017.
2/7 It’s maybe high time we get serious & forget about the literacy pride. We are in a fix as country partly due to our simplistic approach because there is no direct link between literacy & competency. If anything, competency is more linked to knowledge, skills & abilities.
3/7 Anyway, many argue that @ProfJNMoyo didn’t knew of the Coup, but listening to the seminar, one will have a sense that there was knowledge of it but the how, form & shape of delivery could have been the missing piece.
Read 8 tweets

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