Zim to lop 10 zeros off currency

This is a welcome development for the people in Zimbabwe, but the million dollar question still remains "Does the removal of zeros improve the cash shortages that have been and are currently experienced?”, “Does it reduce the World record breaking inflation rate in the country?". My view is that this temporary measure that does not solve anything. We used to have these denominations with few zeros and in order to curb cash shortages more zeros were introduced so that people would have fewer notes but with higher denominations. This was a bid to solve the cash shortage which is the major problem today. I believe the country does not need all these one day use policies; Zimbabwe needs policies that curtail all the tribulations that have affected the economy.
Jawet C

Though the advantage of this is that there will be better convenience when using this currency, this is another sign of just treating the symtoms and not the causes. This time around, the zeros will be back even sooner and with more vengence!

This guy at the helm of the RBZ agreed with Mugabe that well-researched textbook economics don't work. However, l'm sure he now realises that he is on a route which leads nowhere hence his surprising move to let the old Bearer Cheques remain in circulation up to 31-Dec-08.

Infact, the truth that he realises is that these will quickly become useless and naturally find their way to the dust bins way before Dec-08.

The issue is not the removal of the zeros, it is the fixing the economy. As long as the Reserve Bank of Zimbabwe engage in suicidal quasi-economic activities such as buying tractors to be donated to unproductive farmers and also buying buses and distributing them to the provinces, as they say, ironically Gono is ringing a big zero - in short the removal of the zeros will lead the economic nowhere. Mark my word.

A necessary waste of time I would say. The figures were getting ridiculous you know. My worry is the swithover methods....