THE shortage of US dollars besetting the economy has reignited debate on whether Zimbabwe should adopt the rand, as it emerged that cash in circulation was only $202 million against requirement of nearly a billion dollars.The debate is premised on the understanding that Zimbabwe, with a weak export generating capacity due to low production across all majors sectors, cannot thrive under a currency sought after globally that is being externalised legally and illegally.
Reserve Bank of Zimbabwe deputy Governor Kupukile Mlambo told a breakfast meeting last week that, while the bond notes have been a success, the value that the RBZ can print was too low to resolve the country's acute cash shortage.
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