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*OPINION: The Zimbabwe Dollar Wont Gain Confidence* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?th An opinionist The Independent has said the new Zimdollar won’t gain confidence because it’s not backed by sustainable production. Penned the opinionist: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > A currency like the Zimbabwean dollar (Zimdollar) is fiat. Its value is determined by the confidence people have in it as a token of wealth. > It seems government wants to introduce small notes for psychological reasons; to conjure up an impression that there is discipline in terms of printing money. It is a flawed hypothesis considering it is not the size of the denomination of notes that renders a fiat currency stable. > Stability is only derived from the trust people have in the currency. If economic policies and fundamentals are unsound, the new notes will be shunned. Small denominations of a currency that is not trusted cannot guarantee restoration of confidence. Deception and cosmetic changes do not add value to the currency. > Zimdollar will remain untrusted unless the small denominations are buttressed by essential economic changes anchored on political inclusivity. This comes at a time the central bank claims it will bring new coins and notes into circulation to ease the credit crunch. More: Zimbabwe Independent _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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