Let's Face It

writing as i think, thinking as i write

Zimbabwe losing sovereignty?


IT is official, Zimbabwe has opted to use US dollars instead of its crumbling Zim dollar. Finance Minister Tendai Biti’s announcement that civil servants would be paid in foreign currency means a lot of things to different people.

To most Zimbabweans, it is good news. The US dollar is stable and has much more value. It can be used to buy goods beyond Zimbabwe without much ado. So, the finance minister’s decision is good news to most Zimbabweans but raises more questions as to the sovereignty of the country. All countries have got their own currencies. How come Zimbabwe is choosing to go American?

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February 18, 2009 - Posted by | Business

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