THE POSSIBILITY OF REINTRODUCING THE ZIMBABWEAN DOLLAR

Abstract

The research was conducted to assess the possibility of reintroducing the Zimbabwean dollar. A descriptive research design was used in which data was collected from a sample of 183 respondents using questionnaires and interviews. This research found out that the current multicurrency regime has proved effective in that it has stabilized macroeconomic conditions, reduced inflation significantly and has provided a foundation for the resumption of economic growth. It was concluded that Zimbabwe was not yet ready to reintroduce the Zimbabwean dollar as there was need for commitment by the monetary authorities to maintain price stability, stem hyperinflation as well as guarantee the independence of monetary authorities.