Former Finance Minister and current CCC Vice President Tendai Biti has promised to redollarise the country if his party the Citizens Coalition for Change (CCC) is voted into power after the 2023 elections.
The country is set to hold general elections in 2023. But in two weeks time, Zimbabwe will also hold by-elections for constituencies and wards which lost representation in Parliament and local government due to recalls or deaths.
Addressing supporters at a rally in Gweru on Sunday, Biti said the first thing the CCC government would do if voted into power was to stabilise the economy by redollarising.
His sentiments come at a time when civil servants are complaining about the Zimbabwean dollar which is gradually losing value against the US dollar.
“The first thing that the CCC will do is to bring back the US dollar,” Biti said.
“Workers should get US$s. Teachers will get their US500. We did that. We will dollarise again to bring back stability. By that, we restore pensions, salaries, teachers and doctors to work and make sure hospitals are equipped.”
The current Finance Minister, Mthuli Ncube in 2019 ended a decade’s use of the multi-currency regime which was adopted in 2009 to tackle the 2008 hyperinflation. But three years on, civil servants have not come to terms with the decision. They are demanding wages in US dollars.
Government teachers and University lecturers are currently on strike while nurses and doctors are threatening to join.
Government has since responded to its workers’ job action by threatening to replace them.
Ncube recently argued that dollarising the economy in Zimbabwe was a “bad idea”.
“I want to be clear, we are not US dollarising. We will not US dollarise. US dollarisation is a very bad idea. The reason why our industry is performing well, the utilisation is up there, the house of souvenirs is because we have a domestic currency,” he said while responding to a question in the National Assembly.
Biti further posted on Twitter on Monday morning: “The economy will be at the center of the 2023 election, re-dollarization, scrapping of the failed and rigged auction system, floating of the Zim$, scraping of FX Surrender requirements and paying civil servants in US$ will be a must!” Nehanda Radio
Why not? We have been there before and he was the man who did it. Mbavha dze Zanu are panicking……
Short term solutions
Iyah Jahcob and which are long term solutions
Mj Jnr ask him m waiting for his response
Iyah Jahcob give us long term solution boss
Lenny Lence Phiri you are saying it will be a short term solution yet there’s nothing like that in the article. He only said, ‘the country will re-dollarise’ meaning the return of ‘green back’ that’s all
Mj JnrMj Jnr nop m not castigating your point ,m asking about iyah Jacobs
Iyah Jahcob iwe uchararama long term here
Iyah Jahcob good starting point. Life was better during USD era
Chokutadzisa kutaura ma elections achiri kure
Mj Jnr its quoting from the campain speech guess u dnt have data to watch live rallies
Partmose Mataruse but is that a bad idea to use $US for a start
Mj JnrMj Jnr what do u suggest we are already using usd, and the problem is we r not producing and the other thing is confidence, people have no confidence in the zwl n those controling it under zanu are manipulating it
Mj Jnr as for me i think its better we use usd cz 1we cant print more which is essential now,
Ngaapinde hake mukomana dollar ngariuye ndokuti ma investors vapinde munyika economy yedu ikazoita stable tobva taita currency yedu
Obvious vanozviita futi vapfana avo….chembere neharahwa dze ZANU PF ngenyi muchiramba….
Forget about winning
You wish! We are already using the USD!
Zvichozofamba here hatidi nyaya dzekufadza vanhu mukazotangawo kuba mazvikonewa
Good, makambozviita, munhu wese akaguta hamungambozvitadzizve, (2023 ccc)
Nonsense. Western puppet.
Haa hatirambe nekuti zvakamboitika ,tikadzibata isuu
I trust him paya akamiramira
The best finance minister ever
Shephard Marufu not ever we use to have Chidzero I guess yu were nt born by then
Propaganda finance minister like mthuli
Shephard MarufuShephard Marufu kkkkkkk best,, paakapinda akaitei
At least u could go kubank and get your money at any given time without hussles now u have to think twice before u visit the bsnk thats why vanhu vachibanker mumapillow these days the banks are no longer user friendly this is not politics my friend its what pple go through everyday
Martin Mutaviri saka aripo ari nane here apa
Nyika igovawo nechimiro
haaaaa izvi azvitigadzirire nyika instead of putting measures to strengthen our own currency… haaaaa Zim takaroiwa neakafa dai ari mupenyu aiti nzwira tsitsi coz hmmmm. with this type of leadership atina kwatiri kuenda. 😭😭
Keith Chingwe ko zviripo now zviku shanda here asekuru go n listen to full speech, untill the economy is stable n we start to re introduce, ask mutuli even iye ari kutambira in usd
Handei tione ….gwendo gwuno panobikwa munhu
We want Zim dollar , not USD????
Then Zim dollar ???????
Tozviziva izvi takambozviona vachizviita
Western papet Western support these guys thinking that they will led to re Colonization of Zimbabwe NEVER I don’t see this happening
Keith Chingwe ndiko saka ati to stablise urwere hacho hwanyanya kana zvave nane yopiwa medication yacho chaiyo.saka zvirinane kuwedzera poison pamusoro peimwe
Kkkkkkkk kk maybe in another life …not this one Biti.