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Businessmen and economists decided last week to abandon the unrealistic dollar peg to the country's alternative bonds and electronic dollar, which was merged into a new currency called the Real-time Full Settlement (RTGS) dollar.
But they doubt whether the government has fiscal and monetary discipline that insists on a commitment to reduce the budget deficit and curb inflation.
"Nothing can stop Zimbabwe from printing money in this new currency," said Jee-A van der Linde, African economist at NKC in South Africa. "In recent years, the government has basically promoted this approach by stimulating the economy through excessive consumption."
Zimbabwe's currency problems have undermined President Emerson Mnangagwa's efforts to win back foreign investors who were forced to withdraw with the support of the ousted predecessor, Robert Mugabe.


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