I don't think having the local currency for local transactions is a bad thing - I want whatever money is considered legal tender and as much of it as I can legally get. The authorities just need to apply a structured approach to the system. De-monetize the USD but allow folks to hold and store value in the preferred USD - let conversions preserve the purchasing power of the $1 converted to digital ZiG and this conversion may only take place via a registered deposit-taking institution (No questions asked as to 'source of funds' for a set amount of time).
Digitization has made conversion so much easier and straightforward. ZESA does it when we purchase units from sellers. Create a system that is robust enough that the 2 can and should operate seamlessly and in sync with one another. People should be able to receive their USD just as they are from the Diaspora, but for purposes of transacting locally, they deposit the amount they need and buy or pay for local goods and services in the local units. Should one need USD for travel abroad or international settlements (where USD is the currency in use), they would simply load the USD onto their card get on a flight and go or pay their dues using the USD they have or purchasing the USD that will now have been accumulated as reserves within the system.
But any, and all local transactions are executed digitally in ZiG, with the exchange of said value pegged against the USD purchase power of the $1 equivalent.
I don't know if any of this makes sense. LOL! May the monetary fundis on this platform please school me where necessary.
Vision 2030 catching strays 😂😂😂
I don't think having the local currency for local transactions is a bad thing - I want whatever money is considered legal tender and as much of it as I can legally get. The authorities just need to apply a structured approach to the system. De-monetize the USD but allow folks to hold and store value in the preferred USD - let conversions preserve the purchasing power of the $1 converted to digital ZiG and this conversion may only take place via a registered deposit-taking institution (No questions asked as to 'source of funds' for a set amount of time).
Digitization has made conversion so much easier and straightforward. ZESA does it when we purchase units from sellers. Create a system that is robust enough that the 2 can and should operate seamlessly and in sync with one another. People should be able to receive their USD just as they are from the Diaspora, but for purposes of transacting locally, they deposit the amount they need and buy or pay for local goods and services in the local units. Should one need USD for travel abroad or international settlements (where USD is the currency in use), they would simply load the USD onto their card get on a flight and go or pay their dues using the USD they have or purchasing the USD that will now have been accumulated as reserves within the system.
But any, and all local transactions are executed digitally in ZiG, with the exchange of said value pegged against the USD purchase power of the $1 equivalent.
I don't know if any of this makes sense. LOL! May the monetary fundis on this platform please school me where necessary.