How can the tragedy of 2008 be avoided in Zimbabwe?

In Zimbabwe, there has been serious shortages of foreign currency (forex) due to a shrinking and non-productive economy and imprudence in economic management. From February 2009, the US$ notes have been the currency of Zimbabwe officially alongside a number of foreign currencies (South African Rand, Botswana Pula, Chinese Yuan and British Pound). In May 2016, the Governor of the Reserve Bank of Zimbabwe (RBZ) announced that there will be an introduction of a surrogate currency called “Bond Notes” backed by a loan facility of US$200 million from Afreximbank in two…

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