Should Zimbabwe officially join South Africa in a monetary union?

pixabay.com, 2019

(Also read: Emmerson Mnangagwa 'eats cake' in Russia while Zimbabwe burns)

  • Can and should Zimbabwe join the ZAR (rand) Common Monetary Area?

  • What is the Common Monetary Area?

  • What would the likely effects be on the rand if Zimbabwe joins?

The Money Show’s Bruce Whitfield put these questions to Tim Nhamo, a currency specialist at Ironhead Trading.

Listen to the interview in the audio below (and scroll down for quotes from it).

South Africa has more to lose than Zimbabwe…

Tim Nhamo, Ironhead Trading

….People would literally launder money… using soap and water to clean the notes…

Tim Nhamo, Ironhead Trading

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