Simply issuing another fiat currency will not enable Zimbabwe to overcome its ongoing currency crisis, which is rooted in an utter lack of government credibility. The best way to revive economic growth would be to abandon a government-run monetary system altogether.
ADDIS ABABA – When Zimbabwe’s President Robert Mugabe was deposed in November 2017, after 30 years in power, many hoped that the economic decline he had overseen would soon be reversed. But, a year and a half later, the economy is showing no signs of recovering, thanks to an ongoing currency crisis. Could a blockchain-based cryptocurrency be the cure for what ails Zimbabwe?
ADDIS ABABA – When Zimbabwe’s President Robert Mugabe was deposed in November 2017, after 30 years in power, many hoped that the economic decline he had overseen would soon be reversed. But, a year and a half later, the economy is showing no signs of recovering, thanks to an ongoing currency crisis. Could a blockchain-based cryptocurrency be the cure for what ails Zimbabwe?