Mr President

GOOD day, President Emmerson Mnangagwa. Your Excellency, it is my conviction that the Zimdollar, all things considered, is a swine. It is the epitome of voodoo economics, based on implausible assumptions. It ought not have been reintroduced into circulation.

Amid the ongoing price crisis, in which the exchange rate and prices of commodities and services are spiking, probity points to the fact that it is imperative to withdraw the Zimdollar from circulation. It is an ill-fated surrogate currency, through and through.

Methinks the benefit of hindsight impels you to withdraw it without further ado. Its reintroduction lacked intuition. As a matter of fact, Zimbabwe Congress of Trade Unions secretary-general, Japhet Moyo was spot on when he underscored that workers were in trouble as their salaries could no longer match the galloping prices.

I reckon it is a preposterous projection that business will continue to grow this year and deliver a better quality of life for all Zimbabweans. As I see it, the report that government is determined to get on top of the price crisis without lording over business is wishful thinking.

It must not have been reintroduced into circulation before economic fundamentals for a sustainable currency were in place. It is indeed the irony of responsible leadership to blame the crisis on businesses that are said to be manipulating the said value of the Zimdollar.

Reports that government, through the Financial Intelligence Unit deployed teams around the country on a goose chase as they monitor the said illegal business practices. As a matter of fact, the deployment is bereft of intelligence.

Your Excellency, it is public knowledge that confidence in the Zimdollar is at rock-bottom. With lobola and the informal sector, including the second-hand clothes market now dollarised, I state it unreservedly, that a listening President ought to have heard clearly about the volatility of the Zimdollar.