A Zimbabwean government policy to ban the use of the US dollar and other currencies has been met with bitter opposition by the largest trade union in the country. The ongoing spat highlights the need for people to have the kind of free choice of currency that crypto assets can provide.
The Zimbabwean Congress of Trade Unions has threatened mass protests if the government does not back down. Meanwhile, the government is insisting that the Zimbabwean dollar be reintroduced to allow it greater control over the nation’s economy.
People of Zimbabwe Demand Better Currency, Crypto Provides Options
The largest trade union in Zimbabwe, the Zimbabwean Congress of Trade Unions (ZCTU), has threatened to take to the streets if the government does not back down on its decision to ban the use more stable currencies such as the US dollar in the nation’s economy. The ZCTU has responded by reiterating its demands that the workers be paid in US dollars.
The spat comes just days after the national government scrapped the multiple currency system used following the Zimbabwean national currency succumbed to hyperinflation at the hands of the government. It is therefore unsurprising that there is such resistance to the disgraced dollar’s reintroduction. Read More at NewsBTC...