It’s about time that Zimbabwe switched off the broken record and admitted that decades of scientific socialism have only yielded abject failure, but Maximum Leader seems intent on forcing the citizens to bang their heads against the wall yet again.
On Friday, Mushayakarara is expected to announce the introduction of a gold-backed currency to replace the worthless local dollar, which is currently trading at around 30,000 to one U.S. dollar and, unlike the South African rand, does not circulate in neighboring countries.
Zimbabwe has introduced and abandoned at least five currencies since independence in 1980, all of which lost value to become almost worthless.