Zimbabwe is cracking down on social media and mobile money platforms to root out alleged “illegal currency dealers” that the government blames for a plunge in the value of the country’s local unit of exchange. But economists and tech experts warn that this amounts to shooting the wrong target.
Jee-A Van De Linde, an economist with Oxford Economics Africa, told Quartz “The fact that Zimbabweans are willing to pay premium prices for US dollars tells you that confidence in the local unit remains low.”
Currency dealers are the newest scapegoat for Zimbabwe’s currency issues
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