Vocal Zambian politician Joseph Kalimbwe has mocked President Emmerson Dambudzo Mnangagwa’s administration for allegedly mismanaging the country’s economy.
At the time Zimbabwe is bracing for a new currency, expected this Friday, Kalimbwe says changing currency is a sign of failure.
“Changing a currency is not an economic solution, it’s a sign of economic failure.
“Zambia has had one currency since 1964 & we shall keep it as such. As a people, we admit our political mistakes, fix & correct them than lying that we have the strongest currency in the region,” he says.
For some time, Zimbabwe’s local currency Zimdollar has been on a power losing streak.
The government responded by introduction of a number of measures including the multi-currency system, whose lifespan was extended by a further 5 years from 2023 to 2030.
This development was welcomed by market watchers, however they said this should be complemented by other subsidiary policies to give direction to the market.
Zwnews
