By Logic Chatikobo

In a surprising turn of events, residents of Buhera South have overwhelmingly rejected the newly introduced currency, Zimbabwean Gold (ZiG). The currency, which was intended to replace the US dollar as the primary medium of exchange, has been met with widespread disapproval and skepticism.

According to interviews conducted in ward 28, vendors, businessmen, and individuals alike are refusing to accept the ZiG notes and coins, citing a lack of value and trust in the currency. The few businesses that are accepting ZiG are doing so at a significantly higher exchange rate than the official bank rate, with some charging as much as ZIG 20 for $1, compared to the official rate of ZIG 13.5.

Many residents expressed confusion and disbelief about the new currency, with some admitting that they have only seen pictures of it or heard about it on the radio. The general consensus is that the ZiG has no value in rural areas and is not a viable medium of exchange. [Watch interviews on link below]

https://drive.google.com/file/d/1kIlGuo3mhIn7L46bt18YjhOAfV9Lc9W8/view?usp=drivesdk

This rejection of the ZiG has significant implications for the economy and raises questions about the government’s decision to introduce a new currency. The lack of trust and confidence in the ZiG may lead to continued reliance on foreign currencies, such as the US dollar, and may hinder economic growth and development in the region.

The situation in Buhera South is a clear indication that the introduction of a new currency requires more than just a change in policy; it requires the trust and confidence of the people. Until the government addresses the concerns and doubts of the residents, the ZiG may remain an unwanted and unaccepted currency in rural areas.