The economic situation at hand

A lot has happened in economics/finance in Zim of late. Some of these 'debates,' really are at times misplaced. Maybe I have a different view of sorts but hey, objectivity must be the mainstay always. Be it the bond notes, currency question and the general economic direction the country must follow, it is important to keep our heads up always. If we look at the bond notes, really the success or failure of the bond notes was not really about whether their value was expected to 'rapidly' depreciate or not. It was really about the contagion effect on the rest of the economy their introduction was expected to achieve. This is what actually happened. We now see pricing misalignment everywhere depending on which payment mode one wishes to use. Cash shortages have intensified and the US dollar has simply vanished from the general public circulation.

All these are costs of the bond notes. The authorities must intensify their efforts of arresting the real problems facing the economy so that macroeconomic stability is achieved. Analyzing possible solution is a task for another day but either way it is everyone's duty to ponder and think how this problem before us can be solved.