ZimDollar Scenario on replay
1) It would help for people to relate the actual chronology of the permanent fall of the ZimDollar in late 2008, early 2009. With the $100 Trillion Note coming in, Retailers started to benchmark prices at rates higher than the going USD/ZWD rate
1) It would help for people to relate the actual chronology of the permanent fall of the ZimDollar in late 2008, early 2009. With the $100 Trillion Note coming in, Retailers started to benchmark prices at rates higher than the going USD/ZWD rate
2) The same is being witnessed in today's environment as retailers seem to be pegging Bond ¢ RTGS prices higher than the generally agreed Alternative Market rate. This is wisely designed to force people to Buy in USD. The brave retailers are pegging prices exclusively in USD.
3)The scenario in 2) in likely to lead us to one thing:
Re-Dollarisation!
The market in Zimbabwe has proved to wield more power and moves faster than what the law or official policy dictates. Before we know it, we will be fully dollarised, again!
Re-Dollarisation!
The market in Zimbabwe has proved to wield more power and moves faster than what the law or official policy dictates. Before we know it, we will be fully dollarised, again!
4) Finally with the mixed nature of trades in the retail market we are likely to witness:
a)RTGS,Bond inflation, and
b) USD deflation
At the end the consumer will make a choice according to where he/she thinks there is better value and stability.Yo guess there is as gd as ours
a)RTGS,Bond inflation, and
b) USD deflation
At the end the consumer will make a choice according to where he/she thinks there is better value and stability.Yo guess there is as gd as ours
