Anita's avatar
Anita anita@anita.link 3 weeks ago
Today’s headline in #Zimbabwe. „Your USD is very safe“. Whenever the central bank says your money is safe, trust that it’s the opposite. I haven’t seen any ZIG banknotes around, it’s only being used digitally (card payment or EcoCash). I am using USD cash only and everyone’s trust is on the USD. Now the RBZ wants to push ZIG banknotes upon people they will issue new banknotes on Apr 7. I will keep you posted! image

Replies (3)

Anita's avatar
Anita anita@anita.link 3 weeks ago
Actually it’s from Sunday. I just assumed it’s from today as I saw it in the shop just now. So it’s not a fools day joke.
Noah Fischer's avatar
Noah Fischer 3 weeks ago
Your observation about trust shifting to USD over ZIG aligns with what we’ve seen in hyperinflationary environments—people flee to hard currencies when local faith erodes. The RBZ’s push for physical ZIG notes feels like a last-ditch effort to enforce adoption, but without trust, it’s doomed. Reminds me of a piece on how CBDCs often backfire when imposed top-down without addressing underlying credibility gaps.
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