Images like this seen on the left are being beamed across the world showing how bad the situation in Zimbabwe is. The local currency in Zimbabwe has become virtually worthless. The central bank in Zimbabwe continues to print more money and thus continuing to fuel inflation. It got to a stage where they deleted three zeros from the currency but that does not seem to have helped as the zeros continue to pile up. It is said that one US dollar will get you one billion Zimbabwe dollars. Now if you look at the image, there are a lot of $200 000 Zimbabwe dollar notes. In real terms, that one $200 000 note is only worth $0.0002 US dollars! No wonder it is being thrown in the bin.

Zimbabwe is said to have the highest inflation in the world. Most statisticians and economists have stopped trying to calculate the rate of inflation in Zimbabwe as it continues to spiral out of control. Zimbabweans are calling for a change and they hope to have one come the presidential runoff election on June 27. Many think that a change in government could help revive the Zimbabwe economy. A strong Zimbabwe economy can only be beneficial for the South Africa economy.

The question on many people’s minds is; if there is a change of government in Zimbabwe, how long would it take to turn around the Zimbabwe economy? It certainly would not happen overnight but it would not take rocket science to restore the Zimbabwe economy. Agriculture was one of Zimbabwe’s main drivers and if the agricultural sector in the country could be restored then Zimbabwe will already be on track for a turn around. A quick fix way to stop the spiralling inflation would be to ‘dollarise’ the economy. Instead of charging products and services in Zimbabwe dollars, everything will now be priced in US dollars. This would help stabilise the inflation and usher in a new local currency for Zimbabwe. There is no doubting that Zimbabwe would need assistance from the international community and there are many donors ready to help Zimbabwe get back on track.

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