The precise details of this call for Zimbabwean businesses to price in South African Rand, put forward by Strive Masiyiwa, might not be entirely correct. But the overall idea, that no one should be trying to price nor transact in variations of the Zimbabwe dollar are entirely correct.
In conventional economics not having your own currency is something of a problem. It means that there can be no monetary policy that is locally determined. Thus there’s no monetary policy attuned to the needs of the local economy.…See More