Foreign Policy Blogs

Yeah, That'll Work

In the sort of sound economic reasoning that we have all come to expect from Harare, the Zimbabwean government plane to chop a bunch of zeroes off of the country's currency, thus re-denominating, though not re-valuating the plummeting Zimbabwean dollar. Beyond making math a little easier for people carrying around bricks of the country's virtually worthless notes, I have no idea what ZANU-PF expects to accomplish with this little act of chicanery. Let us forget about how this will happen logistically, given that the cost of making most of Zimbabwe's notes is more expensive than the notes themselves are worth, and that for this to work the country will have to introduce all new currency. Cunning.

 

Author

Derek Catsam

Derek Catsam is a Professor of history and Kathlyn Cosper Dunagan Professor in the Humanities at the University of Texas of the Permian Basin. He is also Senior Research Associate at Rhodes University. Derek writes about race and politics in the United States and Africa, sports, and terrorism. He is currently working on books on bus boycotts in the United States and South Africa in the 1940s and 1950s and on the 1981 South African Springbok rugby team's tour to the US. He is the author of three books, dozens of scholarly articles and reviews, and has published widely on current affairs in African, American, and European publications. He has lived, worked, and travelled extensively throughout southern Africa. He writes about politics, sports, travel, pop culture, and just about anything else that comes to mind.

Areas of Focus:
Africa; Zimbabwe; South Africa; Apartheid

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