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A leading analyst has challenged the narrow focus of Zimbabwe’s currency debate, arguing that the success of the ZiG (Zimbabwe Gold) single-currency regime depends on rebuilding the country’s institutional foundations.
Brighton Musonza, in a new analysis, states that the discussion is often reduced to whether Zimbabwe should use foreign or domestic currency. However, he insists the deeper issue is about strengthening the institutions that underpin a modern economy.
Musonza warns that without these institutional foundations, the transition to a mono-currency system will remain fragile. His comments come as Zimbabwe pushes for wider adoption of the ZiG, aiming to reduce reliance on foreign currencies.
The article, published on The Zimbabwe Mail, has sparked debate among economists and policymakers about the true prerequisites for currency stability.
Article source: thezimbabwemail.com | Image credit: Business Insider Africa
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