Zanu PF pushes for Zimdollar return

ZANU PF has resolved to reintroduce the redundant Zimbabwe dollar (Zimdollar) to run alongside the multi-currency regime in order to resolve the liquidity challenges besetting the country.


According to a list of resolutions passed at the just-ended 13th Zanu PF national people’s conference, the party said it would lobby for the reintroduction of the valueless Zimdollar, arguing the current liquidity crunch was exacerbated by lack of a local currency.

“The party would instruct the government to work out modalities for the reintroduction of domestic currency alongside the multi-currency system in order to address the current liquidity crisis and to enable our people to carry out their transactions,” the resolution read in part.

The party resolved to allow other currencies from five newly industrialised countries Brazil, Russia, India, China and South Africa (BRICS) as legal tenders in Zimbabwe, alongside the US dollar to facilitate trade.

Zimbabwe introduced the multi-currency regime in 2009 to stop a runaway inflation following a decade-long economic meltdown that saw the country recording the world’s highest month-on-month inflation of over 80 billion percent.

However, Zanu PF has been repeatedly calling for the reintroduction of the valueless currency to allow transaction in rural areas with difficulties in accessing multi-currency.

The conference which proposed a cocktail of measures to safeguard Zimbabwe’s industry — particularly mining from foreign exploitation and externalisation of funds — also resolved to “spearhead the adoption of currencies of the BRICS countries (Brazil, Russia, India, China, South Africa) and other emerging economies as legal tender in Zimbabwe alongside the US dollar.”

However, the MDC-T yesterday rubbished Zanu PF’s Zimdollar push saying it was a populist idea likely to reverse all economic gains achieved so far.

“The country will be taken back to the 2008 era. Zimbabwe is not yet ready for the Zimdollar,” MDC-T spokesperson Douglas Mwonzora said.

Economic analyst Christopher Mugaga yesterday said reintroducing the Zimdollar was tantamount to committing economic suicide.

“The Zimdollar (proposal) will die a natural death. It will be wastage of resources. Zimbabwe is not yet ready for a local currency, not at the moment, not even in two years.”

Mugaga said the rift in the country’s politics of the country will not allow any other currency to survive except the US dollar which was more liquid.

“Calling for the reintroduction of the Zimdollar now is a political gimmick ahead of elections. It’s not feasible.” Another economic analyst Emmanuel Mugadza said while the idea could be good, the country was not ready to accept its currency.

“The people cannot trust it now,” Mugadza said. “Considering the politics of the day, the government will end up printing money to finance its activities and that will fuel inflation. We are a net importer and the economic fundamental of our country cannot sustain a local currency.”

71 Responses to Zanu PF pushes for Zimdollar return

  1. Domingos Rui December 11, 2012 at 8:41 am #

    Dzatanga futi mboko dziye. Destroying progress at every opportunity. Anything that benefits the people, they are against. Satan hamba.

    • ActiveZimbo December 12, 2012 at 8:18 am #

      Do not jus emotionaly discredit every thing said by zanu. tinosvika rinhi tishandisa US$??? at some point we have to re-introduce local currency and if we are going to be successiful we have to start thinking about it now. are u saying if MDC wins they will never bring the Z$?? think!

  2. Ray Phiri December 11, 2012 at 8:50 am #

    Mudhara iyi haina dhiri. If you would use this for campaign I bet you my last property Zanu would lose in all constituencies. I know it has been losing all along but this time if you push for the Zimdollar or return of the Chanjemonies. Chimoto mudhara

  3. BigVic December 11, 2012 at 9:08 am #

    No ways to the reintroduction of the Zimdollar. At least for now anyway.

  4. adventure December 11, 2012 at 9:14 am #

    Zanu pf cadres,plizz wake-!! Do not be fooled by your leaders some of whom do not even want a Zimdollar now.Ndosaka mudhara achichemera kuti masanction abvisiwe kuti akwanise kuenda kuAmerica neUK akasununguka uko kune mari inotenga.Musabatwa kumeso.

    • maMoyo December 11, 2012 at 10:44 am #

      l agree with you that the timing will be important. but lets read the resolution properly. the call is for “government to WORK OUT modalities”. so lina elahamba esikolo, use your sharp brains and BE relevant! make a positive contribution.

      siyakhuluma kakhulu. what contribution have you done lately ukuti ilizwe, kumbhe isigabasakho /lapho okhona, kuthuthukhe?

  5. Vimbotee December 11, 2012 at 9:14 am #

    Iyi ndiyo inofa yakarodha. To ease liquiditity problems chii chacho iyo Z$25 trillion note yanga isingatenge kana packet resauti zvaro! Regai vechere gomba ravo isu tongofusira. Goodbyeeee Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.

  6. mutirowafanza December 11, 2012 at 9:17 am #

    Kupererwa mudhara mafurirwa zvakadhakwa zimdollar unobva watifungisa 2008 kupinza save machena

  7. tsemulazi December 11, 2012 at 9:38 am #

    These guys havana kumbopinda nzara during that time coz vaitenga zvinhu with money they would get from printing bond paper.
    So right now ndopava munzara coz they can’t print the usd

  8. chinja December 11, 2012 at 9:39 am #

    Plz maerections mangwana taneta isu.ths tym lm voting handirege pamwe vote yangu ndoyakaruzisa Tsvangray last.ths tym no fear wl simply vote out ths old minds who do nt care for zimbos.

  9. Kay December 11, 2012 at 10:16 am #

    Kkk zanu pf running out of ideas.

  10. gilmore December 11, 2012 at 10:25 am #

    itai tione.

  11. Dj Gudo December 11, 2012 at 10:26 am #

    This guys never cease to amaze.inga kufunga kwakaoma nhai

  12. Mafikezolo December 11, 2012 at 10:34 am #

    The guys are mad and out ot their minds…kupenga chaiko. Kunouungana three days discuesiing rubbish idzodzi. Why not focus on more fundamental issues than talk of ZWD. They need to visit a pychatric unit.

  13. LOVENESS December 11, 2012 at 10:38 am #


    • Zvinhu December 11, 2012 at 11:44 am #

      Loveness i don’t know how much intelligent you are but if you happen to be you shld know that ZIM Dollar is not welcome at the present moment and maybe in five years to come coz it will actually kill all the hopes and prospects of growing this economy that we have. Think twice my friend what are the advantages of Zimdollar against USD anywhere if i may ask.

    • Zvinhu December 11, 2012 at 12:07 pm #

      To add on, on what i have commented Loveness how can a poorer country be better off if its better off it means its not poorer correct me if i m wrong fellow Zimbabweans.

    • wtf December 11, 2012 at 2:01 pm #

      loveness, loveness, loveness, chii nhai?

    • Dj Gudo December 11, 2012 at 4:16 pm #

      Loveness of cos noone wants to use USd foreva.our currency is also our pride.bringing back the zim dollar is a good step but its not the right time.we are not using th zim dollar jus bkoz we love USA or its fashionable….pliiz dont forget 2000 to 2008 era.

    • Honai December 12, 2012 at 2:03 am #


    • Rastah December 12, 2012 at 6:27 am #

      If we were intelligent dai $Z risina kudonha zvarakaita, wat kind of an animal you are achiri ku believer ma ideas anoiswa nemakava e Zanu pf.Open up your eyes and wise up.$Z no no no ndaramba,China chaiyo inotoda $US,iwo woti tishandise mabharakwacha ekuChina

    • Rastah December 12, 2012 at 7:05 am #

      Loveness???Zim wasnt poor but we created the poorness just becoz of di drinky and party admin of Zanu pf.some poor countries you talk about have beta management than Zanu pf,if today the Zanu admin was given the opportunity to run USA,economy inowora within 3 mnths with high inflation,no electricity,no water,presidential scholarship benefiting children of ministers,violence,looting,no law,murdering etc,that much u knw.So y forging ahead supporting rubbish.we people we hev denied the idea,if Zanu pf is party for the people as they claim henceforth shld not buy the idea.The other thing i wld want to ask u Loveness,How older are u?may the age z the problem tingatoswerera ka!

  14. Tafadzwa T Madzimbamuto December 11, 2012 at 10:48 am #

    Problems cannot be solved by the same level of thinkin that created them..

    • Realist December 11, 2012 at 3:52 pm #

      like! ko sei pasina like button, i like this 1!

  15. Eddy December 11, 2012 at 10:55 am #

    Masuwa ku pirenter pirinter ka. Kumusha kwedu kuno ku Uzumba Maramba Pfungwe hatidi zimdollar isu. Haritenge zvitorinani kushandisa kwacha chairo. Ye amereka ndoka inonzi mari kana kachasu totenga macup 15 padhora rimwe

  16. maMoyo December 11, 2012 at 10:56 am #

    Mina personally, l was grateful for amaResolutions eZANU. This time they seemed to have the nation at heart. l liked the one to do with energy, use of ilanga etc. l think abantu bangaba honest, ama-slogans aside, ama Ministries, Departments & Agencies ka hulumende could pick up a few issues that they could run with.

    Onke amabandla, whether in Government or not, small or big, should be encouraged to also publish inkulumo zawo isizwe sibekwazi injongo zawo.

    • Realist December 11, 2012 at 3:55 pm #

      maMoyo u must stop smoking weed! i am sure if ur husband beats u up and says i am sorry u wld come back running! these are, and have always been, academic resolutions that remain just that and gather dust on the shelves only to be dusted next election!

    • Ashaaz December 12, 2012 at 2:02 pm #

      Iyazve ko nyaya ya Loveness yaperera papi? Harare yavenema-One way, cause US $ ririkufaya mota dzawanda. If the Zim$ is introduced we will not have any cars on these new one-ways, remember fuel shortage, no spares to repair cars, mapurisa anochona pakashaikwa mota mumigwagwa.

  17. mukadzemusango December 11, 2012 at 10:58 am #

    maMoyo kaone we zimbabweans are a self disrespecting lot, all we do is criticize without proffering an alternative. just because its zanu pf that brought forward the idea, it doesn’t mean the idea is bad, lina wemdc lisiletelani except shooting down amsugestions. avenye are good armchair critics who have no guts to offer their opions. ilocal currency iya funikwa asimeli sisuport leyi idea constructively.

    • Rastah December 12, 2012 at 6:34 am #

      Rubbish,u r a Zanu pf disciple uchamama nenzara keep on supporting that idea

  18. Captain December 11, 2012 at 11:08 am #


  19. Gqalaza Sibili December 11, 2012 at 11:25 am #

    Hawu maMoyo loLoveness. Lake labona ingwe itshintsha amabala? Who has ben runing this country all these years? The same people resolving to re-introduce te Zimdollar used it to run this country down. hahaha, if you believe all that chanting you will believe anything. Remember the elections this year resolution of the past?

    • tiang December 11, 2012 at 3:03 pm #

      Ndosaka munyengwa easy easy imi vakadzi mungatoteerera zvinotaurwa ne ZANU pf . These are thieves and want to foreign currency alone

  20. Shosholoza Shosholoza December 11, 2012 at 11:42 am #

    Marara panze. Just go back and read the “functions of Money” in any introductory Economics textbook and see where we stand regards ZimDollar.

  21. why me December 11, 2012 at 11:50 am #

    thas goo

  22. Ras Tafari December 11, 2012 at 12:00 pm #

    Loveness and Mamoyo you are not thinking carefully, take your time to think !!! These are the same people who have been running down this country for so many years, there is nothing new apa. Vote them into power and you will be poorer, you will not even afford to comment on this forum because there will be no Electricity to power your phones or laptops. The sun has been there since independance when ZANU got into power, why is there no single project that ZANU put into place to generate power from it. I will give you one example of a FAILED example of ZANU project to use natural resources to generate power, THE JATROPHA DEISEL PROJECT or should l reming you of the DHIZIRI PACHINHOYI, bulocks, ZANU OUT, …….!!!!!!

    • General Pancho Villa December 11, 2012 at 1:00 pm #

      Ras mataura even if you ask those guys who support Zanu Pf, on this one they disagree. I am wondering if who ever is running the Economic Affairs department is a business person on his/her own! Nemafungire akadai?

  23. Chis Kings December 11, 2012 at 12:10 pm #

    which is why they should not get another 5 years at the election, who wants the zimbabwe dollar back in such a irresponsible way

  24. Dominus misereamur December 11, 2012 at 12:18 pm #

    There is no sense in bringing back the Zimdollar. That would be a complete disaster and a crime against humanity. The Zimdollar is long dead and buried. May it never resurrect.

  25. gibbs moyo December 11, 2012 at 12:44 pm #

    Let us change our”Diesel From A Rock ‘ mindset. Zimdollar ? Not for now guys.

  26. Kurauwone December 11, 2012 at 1:28 pm #

    wat do u expect to achieve from the same people vakaribvisa kubva pa1:1 nepound to 1:infinity

  27. taps December 11, 2012 at 1:43 pm #

    To me Zim Dollar represents 10 years of suffering, a ten-year jail term with hard labor. They want us to re-live that horrible Nightmares at Gonomics street again.

    Damn, I am panicking again. Not again lord. Not again. Muri mwari wenyasha, please deliver us from mweya we ZANU, mweya wetsvina wativavarira.

  28. Tate'sOwn December 11, 2012 at 1:54 pm #

    Just imagine kunounganidza vanhu parally wotangakuti tivhoterei kuti tigodzosa zimdollar!unouraiwa nevanhu!these guys r just plain dumb.

    • tensen December 11, 2012 at 4:07 pm #

      Its clear to everyone who has the functional 5 Where will the wounded lion get the landslide victory with this ZimDollar mantra. Tibvirei apo.

  29. William Tembo December 11, 2012 at 1:56 pm #

    That is why people should not vote 4 Mugabe and ZPF. If they come back into power they will again print the Z$ recklessly and pruduce inflation of a 1000000 million % and reduce your new USD pension to nothing. In the mean Mugabe and his elites have amassed USD deposits and savings from diamond looting. Why are they enriching themselves instead of sharing USD diamond proceeds with the people? These are selfish lot! Another promise “from zeros to heros” says your governor Gideon Gono. U vote for Mugabe and ZPF u are in trouble again!

  30. Realist December 11, 2012 at 3:59 pm #

    This country is better of on auto-pilot coz Zanu is tried and tested in failure, while MDC is a loose coalition of text-book academics, armchair critics, sex crazed maniacs masquarading as Prime ministers and carrer activist! I

  31. samas December 11, 2012 at 4:12 pm #

    uuuuuuu vanhu muzimbabwe makufunga zvemhando yepamusoro i salute you guys for your contributions and comments you opened my mind sharply thanks

  32. fallo December 11, 2012 at 4:13 pm #

    by duin such a thing evrthing wil simply cum difficult to those people in buying &saling let not tamper to divastate a better economic level that has oready bosted our nation &yu want to reintroduce that toilet tissue paper to tha circulation why nhay imi mharadzi..tibvirey apo

  33. tensen December 11, 2012 at 4:13 pm #

    Rwendo runo hameno if this is the thinking and promises of this once great party then its orbituary is in the offing.Vamwe tichapembera kwazvo tshisa nyama if obviously an option coz neZimdollar campaign chimwe chikomba tasam mirai muone

  34. wayne maromo December 11, 2012 at 4:15 pm #

    The return to Zimdollar benefits zanupf just as the sanctions mantra. As long as our revenue cannot be able to sustain our lives then we cannot go back to the Zimdollar. We all want our own currency but because of Zanupf chiccanery this does not work. So voters out there if you vote in these zimdollar angels you know time for shortages is now very near, reject them, even if they change their mind just reject them because when they win who will control them?

  35. fallo December 11, 2012 at 4:24 pm #

    by duin so everything will b cum difficult to those people who are in buying &saling trades…never tamper wth such economic level that has been sert oready jus stay beck and make some clearviews where we cum from &where we are now pliz dont try to devastate such a better level by reintroduce such a toilet tissue paper ndapota hangu mungatiuraira nyika again &again

  36. Admire December 11, 2012 at 4:40 pm #

    Zanu why u think its time for zimdollar to come back whilst the nation is in a such economic distress.u must lose the elections in 2013 coz without that we will lose our liberty to ur be true and fair guys ur pressurising for zimdollar only mean that u are upon something that is of no good

  37. Admire December 11, 2012 at 4:44 pm #

    Guys the 2007 to 2009 situation must not come back agian.for us to be sure we must get ride of the 2007to 2009 management which is zanu p f

  38. wayne maromo December 11, 2012 at 4:44 pm #

    And what liquidity are they talking about filling our pockets with useless 20 trillion dollar notes hahahahah. The only solution to liquidity is to enforce the use of plastic cards in every shop, ecocash yave kubhadhara kombi so who needs hard cash these days?

  39. muharare December 11, 2012 at 4:50 pm #

    Zimbabwe Government is not a government for the people of Zimbabwe. It is a government for themselves. A Government which does not even accept kuti takundikana apology kuvanhu. They even put you in prison for mentioning their mistakes. It is a bunch full of robbers. They are busy robbing us our precious resources whilst they are pointing guns at us. Zimbabwe hatina Hurumende. Takapindirwa nemuvengi tichifunga kuti vamwe vedu. Lets wake up tibatane vana Ve Zimbabwe tikunde muvengi uyu ZANU PF.

  40. andrew December 11, 2012 at 6:06 pm #

    reintroducing the zim dollar now is tantamount to confining zimbabwean to the graveyard. every one has bad memories of it. tisieiwo timboita tunhwu twedu veduwee

  41. mxolisi December 11, 2012 at 7:03 pm #

    this discussion forum is very important and we should be serious and take ownership about what we say. i will be lobbying ANZ to impliment facebook comments so that real people can talk sense and be serious about what they mean. these mamoyos and others waste our time here.

    Zanupf is obvious and clear motive is to commit yet another daylight robbery like they did pre-usdollar. they robbed banks the nation and ran every gov institution down. the usd system is tight, there are no printing loop holes. we all love our currency but we can trust these goons. they will hijack the zimdollar and destroy the little we have got.

  42. kwai December 11, 2012 at 9:18 pm #

    f..k.u.1ooo times zanupf

  43. mafira kureva December 11, 2012 at 9:49 pm #

    kunyepa no one wants zimdollar back that’s a white lie.

  44. bvisai zimbabwe kumhandu December 12, 2012 at 12:44 am #

    vakuda kutsenga mari vachiprinta ko ihwo hupfumi hwavakaba hwatokunda nyika kupfuma vaguta. Iye munhu anomboisa vhoti kuvanhu vanemakaro ava akaita sei . Haha zvipepa zvagono hatichazvide pavakadya pakakwana pasi navo vakuda kuwana mari dzekutenga nadzo mayouths atipunzire vabereki kudzimba nhai .haha vachnyara mhani. Vajaaira kudya zvisizvavo

  45. Ndabazezwe Viki December 12, 2012 at 2:52 am #

    What makes Zanu PF believe that their party resolutions/position or what so ever are of national interest?Zanu PF people should stop behaving like they own the rest of us.If need be the use of the worthless Zim $ should only be confined to the Shake Shake building and to Zanu PF squatter settlements scattered around the country.I hate people who lose their senses after being served with food ,beer and paltry allowances for attending a non democratic conference.This is yet another moment of madness indeed and it should be thwarted with the force it deserves.

  46. Tjingababili December 12, 2012 at 4:57 am #


  47. Cmrade Bushu December 12, 2012 at 8:28 am #

    SAY no to Zimdollar please, ol retail shelves will be empty in a month.

  48. LIUmbez December 12, 2012 at 8:52 am #

    This demonstrates how clownish Zpf is. Its a party of very stupid and selfish people who cares not an inkling how the poor people feel. These fools surely live in another planet. Zimdollar so that Gono prints worthless paper to give to their blood thirst supporters to murder and maim innocent opponents. Lord have mercy on us for we are ruled by thoroughly evil and perverted people.

  49. Chaminuka December 12, 2012 at 9:00 am #

    Z$ rikadzoka ma civil servants anopinda busy bcoz government inovapa Z$ and ma change money anenge ave kurova iya yegore riya; kuti mari yemu civil servant inotenga Nokia 1100. Hameno henyu vanorida, ndiri ini zvangu handitombotambiri Z$, kana zviri zve change yemu combi ndingatobhadhara ne ECOCASH yakati kuuya iyi kwete kupiwa change Z$50 kwadhiririryoni

  50. Chaminuka December 12, 2012 at 9:00 am #

    Z$ rikadzoka ma civil servants anopinda busy bcoz government inovapa Z$ and ma change money anenge ave kurova iya yegore riya; kuti mari yemu civil servant inotenga Nokia 1100. Hameno henyu vanorida, ndiri ini zvangu handitombotambiri Z$, kana zviri zve change yemu combi ndingatobhadhara ne ECOCASH yakati kuuya iyi kwete kupiwa change Z$50 kwadhiririryoni inofuma isisatenge mangwana

  51. Zimeyes December 12, 2012 at 9:16 am #

    Zim was once a fast developing country. Bob bvaatanga kudictator silly things tikapihwa maSunctions. Vanochita maElections, vanoba maDiamonds. 2000 to 2008 was rubbish under Mugabe .WHY listen to him WHY WHY!!!! South africa never did any of the stuff mugabe did now its second world and we are stuck in poverty!!! PAFUNGEI!!

  52. December 12, 2012 at 9:24 am #

    zanu pf nvr learnt,but rather continue to destroy our county wth already failed policies,any1 to tell me one successiful policy dat benefited the entire nation yakaitwa nezanu pf……1st,land reform,tikusafa tisu,lndegenisation,now zim dollr whtevr……lets all woke up and show dis criminals,dats ts enough through da ballot box nxt year…vonyatso rova pasi 4evr kana vana vavo hatife takada kuvaona mupolitical arena yedu,vote them out fo gud nd forevr,,,,,,,nd toloncha operation marecovery kudzosa zvinhu zvavaiba zvese zvenyika……maideas eumbavha nekudestroyer ndozvega zvavanogona…..rubbish means zanu pf…

  53. Gordon December 12, 2012 at 4:27 pm #

    one of the basics of economics specifies that for currency to b subsistent it should be backed by enough national product and trade.. currently Zimbabwe is a consumption nation with very little investment…. reintroduction of the Zimdollar will derail all these rebilding efforts and even worsen the liquidity cruncy than it is today… we need to b patient… up until when wr are running on a budget of at least US10 billion.. one that can sustain adequate production… we really want our economy to hv its own currency but not in the next five years… we will welcome this resolution from the 2017 conference.. not nw

  54. TK December 13, 2012 at 7:55 am #

    Vatanga vekupenga zim dollar reyi kusanyara Kuda kubira vanhu Masikati

  55. click through the up coming page February 12, 2013 at 1:29 pm #

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