No end in sight: Zimbabwe’s currency curse
Will the ban on a multicurrency system stave off economic collapse, and could adopting the SA rand help?
Zimbabwe recently banned the decade-old multicurrency system and reintroduced the defunct Zimbabwe dollar. The move was intended to ameliorate the fast deteriorating economic crisis and stabilise foreign currency supply and demand in the country. Is this just a case of tinkering on the margins, or can it halt economic collapse?
The seminar will examine the core of Zimbabwe’s currency crisis, and debate the possibility of recovery for the country’s economy in the short to medium term. Speakers will consider various policy options including the role that South Africa can play in stabilising the situation.
Chair: Ringisai Chikohomero, Researcher, ISS
Speakers:
Dr T Mashakada, Member of Parliament and former minister of planning and investment, Zimbabwe
Dr K Jefferis, former deputy governor, Bank of Botswana
Dr N Moyo, former minister of industry and international trade, Zimbabwe and Chairperson, Mandela Institute for Development Studies
