Well, it is very hard to discuss economic issues especially at this juncture when we are in the midst of what is variably called a liquidity crisis, cash squeeze or crunch. It is even harder when it is in the middle of the month - say somewhere so near, yet so far from month end when we ritually get our pay packets.
Your partiality, especially if you are no economic scientist or some such endowed professional, is bound to be compromised.
The subject of the Zim dollar, or more specifically, its return after being banished in 2009, is an emotive issue.
Many people who saw the currency turn to worthless paper at the height of hyperinflation in 2007/8, do not want to hear about its return because it elicits all kinds of pictures, memories and emotions.
It is the currency that wiped out some people's savings and pensions.
It is the currency that made people queue for hours on end to get wads of notes that would lose value as soon as you laid hands on them.
It is the currency that saw people toiling for a whole month only to get earnings, especially in the civil service, that were worth no more than
It became the currency of horror.
And shame, too.
Our currency became a laughing stock of the world and, in other words, another stick with which to beat any Zimbabwean that could be found anywhere in the world where they happened to seek economic refuge.
"The memory of the
He was right.
Even today, talk of the Zim dollar elicits angry emotions with people appearing to cringe at the very mention of the word as though it were an invocation of a curse or evil.
In light of the foregoing, Minister of Finance
Only last week, he assured us: "The multi-currency regime is here to stay. We cannot talk about introducing a local currency until certain macro-economic fundamentals are right.
"If you just analyse those statements (that the local dollar was coming back) you then realise that it's either out of mischief or complete undermining the economy," he was quoted as saying.
One news headline told us that he had said, the "Zim dollar stays where it is".
Last year, he made similar assurances.
Just ahead of presenting his Budget, Chinamasa said: "In order to dispel any doubts, I came back home to maintain the multi-currency regime. It will be with us, it will remain with us for an indefinite period."
(Let it also be pointed out that these authorities find peers in the likes of ex- Finance Minister
I opened up this piece trying to suppress any anger against Minister Chinamasa.
It is to be hoped I do not sound too angry but, like many Zimbabweans out there, am disappointed by his continued references to the non-return of the Zim dollar as if it were policy.
God knows this default mode is no policy!
In fact, he should tell us what should be done for us to have our own currency and national pride.
(I am not a Tafataona Mahoso - although I admire him very much - and have deliberately avoided reading his submissions on the subject while preparing for this piece.)
Without any disrespect,
Every other country you can think of has its own currency!
Now, if we grant that there is something that needs to be fixed before the return of the local currency, is it not Chinamasa's job as Finance Minister to do so, ably supported by the RBZ?
In some countries they talk of hundred days in office; we don't here, but is it being seriously suggested that Chinamasa needs five years and beyond to fix the question of the national currency?
Some countries above are what are called failed states or are at war, yet they administer their own currencies, so whatever is stopping our own Chinamasa?
We hope that he does not take this call for our own currency and pride, as a sign of "mischief or undermining the economy".
The so-called cash squeeze is directly linked to this over-valued foreign currency regime.
With the South African rand falling in value, it is becoming easier and cheaper to buy South African products and producing in
Money leaves our borders every day, never to return but further boost
You can tinker with exchange rates of your own currency to make it more attractive for exchange and investment.
You cannot do that with foreign currency that you do not print, let alone conduct a monetary policy on.
Which makes our Charity Dhliwayo quite an accomplice to some murder of sorts.
By the way, without the local currency what does the RBZ do? Being a spectator in the economy?
Now you must admit that Minister Chinamasa is in an invidious position, something like being unfortunately caught in the horns of Mushore, according to a local saying.
He must bring back our dollar.
He must make it strong and resistant to inflationary pressures.
The pressures could be many, from politics to pure economics.
We expect him to deliver - that is his job!
He should also understand the politics behind the Zim dollar.
The Zim dollar is taken as a symbol of suffering and failure by the Government - Zanu-PF Government.
Its destruction was a political act by forces that would be served by a people's anger at the decimation of their wealth. Ask Mahoso.
Its substitution with the multi-currency regime brought relief and the US dollar is regarded as a symbol of stability and even prosperity.
That is why the very introduction of multi-currencies has been a matter of contestation with the MDC seeking to pilfer what Chinamasa rightly introduced.
We have defended him staunchly in these pages.
The return of a strong Zim dollar will inspire confidence in the currency itself and the Zanu-PF Government that appointed him.
He should pay back and not make excuses or non-policies such as telling us
The use of the USD is on its own is being held to ridicule us, a country without its own currency!
Most Popular Stories
- McDonald's Packages Coffee for National Distribution
- Apple Stock Bounces Back Big Time
- James Foley Beheading Video Is Real Thing: White House
- Target Slashes Annual Profit Outlook
- Castro-Blanco Joins Fifth Street Finance Board
- Google Kid Accounts Plan Raises Worries
- Honda's Safe Approach Pays Off in Sales
- Ballmer Steps Down From Microsoft Board
- GE Healthcare Bringing Jobs to Massachusetts
- Islamic Militant in James Foley Beheading Video May Be English