Discover and read the best of Twitter Threads about #zimdollar

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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
Characteristics of Money, #ZimCurrencyDebate THREAD.
For a country which is OPEN FOR BUSINESS (@edmnangagwa) and want to tell the world that ZIMBABWE IS A GOOD BUY (@MthuliNcube ), we have to understand and conform to the 6 characteristics of money/currency. 1/10
@Busisa74
I remember #Mangudya was asked a simple question on international TV, "how would the investor in Zimbabwe repatriate his profit?" The Governor struggled to answer, becoz he wasn't prepared for a basic question on whether Zim's currency met the basic characteristics of money. 2/10
There are 6 characteristics of money : durability, portability, divisibility, uniformity, limited supply, and acceptability. All of them are very critical. But how do we use the characteristics of money to our advantage for successful business & national development? 3/10
Read 11 tweets

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