Pure Suicide: Tendai Biti Speaks Against RBZ’s Plan For De-dollarization & Use Of ZIG As Mono-Currency

📅 Published: August 16, 2025

Curated by AllZimNews.com

We have consistently argued that conditions for a mono currency simply do not exist.

A currency is primarily a by-product of the social contract. ” Biti’s post quickly spread and struck a chord with many who recalled Zimbabwe’s history of hyperinflation and failed currency experiments.

The ZiG, introduced earlier in 2024, was backed by gold and other reserves.

It was pitched by the RBZ as a stable replacement for the Zimbabwean dollar, which had rapidly lost public trust.

But despite its launch, many businesses and households continued to prefer the US dollar.

Zimbabweans voice strong reactions online Biti’s warning triggered a flood of comments from Zimbabweans both inside and outside the country.

Some agreed wholeheartedly, while others dismissed his concerns.

A user named @ZHRO_Zimbabwe expressed strong support: “@BitiTendai is exactly correct, and as GNU Finance Minister – is about the ONLY man in Zimbabwe who could solve this dilemma.

Zanu PF are completely CLUELESS at administering Zimbabwe – they could never be called a ‘government’.

Their Mafia proclivities are too ingrained! ” Others linked the currency debate directly to the political calendar. @TonderaiMa96548 commented: “With 2028 looming the political realities of pushing for zig mono currency might be the miscalculation needed for lasting change.

I am of the view Zanu PF is one miscalculation from a revolution that will free us from its socialist policies. ” The debate spilled into hashtags, with @LeaderGeneral1 pushing: “To stop this madness we say: #NoTo2030 #ReformsNow. ” Still, not all responses were negative.

Some saw opportunity in the change. @shemiahny urged speed: “Let’s do it.

We need to pay mortgages off!

Speed this up. ” One sceptic, @mtrolisto, suggested the currency push had ulterior motives: “They know that.

It’s easier to loot when there is a single currency.