Renowned world economist and Professor at John Hopkins University, Steve Hanke says President Emmerson Mnangagwa apart from being corrupt, doesn’t understand economics.
Hanke, an expert in study of troubled currencies says the Zimbabwean government should have dollarised.
“Corrupt Mnangagwa brought back the Zimbabwean dollar 2yrs ago.
“Since then, the Zim dollar has depreciated by 93% against the mighty USD.
“President Ed is not only corrupt, but, when it comes to economics, he is totally ignorant,” he says.
Meanwhile, over the Zimbabwean authorities have been trying to get around the problem without addressing the fundamentals.
At first by printing more money, but it didn’t work.
Of late the government through the central bank introduced the forex auction system however, it has been abused.
YADAH FC is poised to introduce former Zimbabwean international, Khama Billiat, with an unveiling event… Read More
A recent court case has brought to light a covert operation involving the smuggling of… Read More
Alleged Bobbi Athoff Leaks Circulate Online, Fans Suspect AI Bobbi has not yet responded to… Read More
The woman accused of posting her child waxing nude women on social media has been… Read More
Yadah FC officials welcome Khama Billiat at Harare Airport Former Zimbabwe Warriors star Khama Billiat… Read More
Citizens Coalition for Change (CCC) acting president Prof Welshman Ncube says his party is engaging… Read More