What should be on a new Zim dollar note? Two nominations

There have been repeated rumours about the return of the Zimbabwe dollar, even ones that they were being printed. There was no hint in the recent budget, and for the time being Zimbabwe’s economy is tied to the US dollar exchange rate, and it is the greenback (sometimes rather brown and dirty) that circulates through the economy.

But some time, when the time is right, a separate currency may be desirable, allowing more flexibility in monetary policy, and help ease the near permanent liquidity crisis. When that happens there will have to be a redesign of the notes. What should be on them? Of course there will be all sorts of ‘national heroes’ and famous places in contention, but what are the real symbols of the Zimbabwean economy today?

I want to nominate two candidates, both of which I believe should be recognised on a redesigned currency. The first is the one tonne truck. Most likely Chinese built, nearly always white, and full of people and produce, trailing the roads of Zimbabwe. I don’t know if anyone keeps statistics of how many are manufactured and imported, but it must be a lot.

In the new resettlement areas where we work, they are ubiquitous. They have revolutionised the way farming as a business is done. Marketing is now possible in much more flexible ways. Supply of inputs doesn’t have to rely on a NGO or a government delivery. Instead, private entrepreneurs, many of whom are farmers, hire out their trucks, or share deliveries with friends and neighbours. I thought there were lots of them in Masvingo, but it wasn’t until l I visited Mazowe district at the end of last year that I realised how many had been purchased on the back of the tobacco boom. So, nomination 1: the Chinese (sometimes Japanese) one tonne truck.

The second nomination is the small horsepower water pump, again very often Chinese made. They have become incredibly cheap in the last few years. US$200 or so will get you a pump that can deliver a steady flow of water to a garden from a well or river bed. They are not the most fancy, nor the hardiest of pumps, but they are cheap. A small profit on a garden enterprise can mean you can buy a new one – or a replacement if they break down. Again, no need to wait for an aid agency to come with a ‘project’ and corral you into a gardening group; instead you can just go to Harare or Bulawayo – or more likely Musina – and buy one (or even two) and do it yourself. No project, no group, no waiting for the NGO. As we have found out in our studies of small scale horticulture in the resettlement areas near Masvingo they too have revolutionised production possibilities, through irrigation, for even the poor, small-scale farmer.

These two pieces of kit, now standard issue for any aspiring farmer, along with the indestructible Nokia classic mobile phone (not on the nomination list as a bit passé now), are definitely my top nominations. They equal the contribution of any national hero in my view, and without government or donor support, they allow farms to be productive, output to be marketed, people to become that bit richer, kids to be sent to school, investment to happen. And none of this would have happened without them.

What are your nominations? Please add to the comments, and I will happily forward to the minister of finance, Mr Chinamasa.

This post was written by Ian Scoones and originally appeared on Zimbabweland


Filed under Uncategorized

7 responses to “What should be on a new Zim dollar note? Two nominations

  1. am

    I do feel this was a rather startling headline to read early on a Monday morning while still half asleep giving the thought that the Zim dollar return was imminent. I was sort of awake so i knew it was not a bad dream or nightmare. But having read the post I realised that it was not to be reintroduced imminently. Phew!

    Being a bit of a conservation farming buff I suggest a picture of someone digging gajophas rather like the back of the Seedco packaging.

    No doubt when the Zim dollar does return there will be different denominations on the notes representing different levels of value. Assuming there will be a 5, 10, 20, 50 and 100 with anything below that value as coins I propose the following.

    5 dollar note: Conservation farming as above
    10 dollar note; Maize field without gajopha’s in drought conditions i.e. don’t grow it
    20 dollar note: Small grains field i.e. grow it
    50 dollar note: Tobacco field
    100 dollar note: Platinum/Gold mine

    It is not necessary that these comments be forwarded to the minister of Finance.

  2. Jayne Stack

    The classic Nokia is definitely yesterdays technology among smallholder farmers. and low income workers. The spread of mobile phones has been incredibly fast but only in the last month or so have I begin to notice how fast the smart phone has spread fast among relatively low income households in rural and high density suburbs. Two days ago we were interviewing farmers in Gormomonzi about ideas to overcome marketing constraints for small egg enterprises – a very spontaneous, and totally unanticipated response was advertise on facebook! Already buyers from Ruwa and Harare are travelling to Marketng Associations in Goromomniz to buy eggs wholesale so why not use facebook to spread the word? Another example – my gardener last week asked my son to help him set up a facebook account and whatsapp account on his phone. Now he has realised how cheap it is to communicate using whatsapp he is an avidid user to the extent that when the vehicle he was travelling home in had an accident we had a picture of the unfortunate car within the hour. Familes on an AIDS project in Mabvuku that I am associated have also recentlty started to communcaite with whatsapp. This all shows that when the benefits of technology are sufficiently attractive people adopt. However, it has to be recognised that the spread of cell phone technology is only possible because of investment in mobile platforms in Zimbabwe.

    • I agree. I am amazed how many people from the rural areas read this blog and send in queries about marketing their produce. Clearly technology and connectivity is moving fast. This is going to revolutionise extension and other services (blog coming soon on this topic).

  3. William Doctor

    How about images of the numerous persons who have died for democracy in Zimbabwe, over the past 13 years?

    I note that Botswana has taken the very bold step of saying that the recent elections in Zimbabwe were ‘null and void’ and so Patrick Chinamasa shouldn’t even be in a position to choose ‘the new ZWD 2 note’.

    A new revolution will perhaps provide you with heroes for the new Zimbabwe dollar. Much like the Libyan revolution that Zimbabwe refuses to recognise.

  4. Pingback: Access to $1000 credit: would this help unleash agricultural commercialisation in Zimbabwe? | zimbabweland

  5. Pingback: Adverts: a window on the world | zimbabweland

  6. Pingback: Zimbabwe’s bond notes: the birth of a new currency? | zimbabweland

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s