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<p>[QUOTE="Conder101, post: 1111284, member: 66"]As far as I know Zimbabwe has not been on the US dollar, they simply allowed the people to start accepting foreign currency rather than Zimbabwe dollars. That has given them the problem of prices in one currency, payments in another, and maybe getting change in a third. (Not unlike the early years in this country.) Now they are scrapping their currency and the others and just going over completely to the US dollar. This should help break the hyperinflation because they can't just keep increasing the amount of dollars in circulation as they could their own. They would have to buy the US dollars from our treasury. If they have no money to buy more they can't dump more into circulation. Plus as shaky as we see the US dollar, to the Zimbabwe people it's as solid as a rock. It has worked in the past too. Ecuador didn't have hyperinflation but it was bad. They adopted the dollar, we shipped them Sac dollars and their economy stablized.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1111284, member: 66"]As far as I know Zimbabwe has not been on the US dollar, they simply allowed the people to start accepting foreign currency rather than Zimbabwe dollars. That has given them the problem of prices in one currency, payments in another, and maybe getting change in a third. (Not unlike the early years in this country.) Now they are scrapping their currency and the others and just going over completely to the US dollar. This should help break the hyperinflation because they can't just keep increasing the amount of dollars in circulation as they could their own. They would have to buy the US dollars from our treasury. If they have no money to buy more they can't dump more into circulation. Plus as shaky as we see the US dollar, to the Zimbabwe people it's as solid as a rock. It has worked in the past too. Ecuador didn't have hyperinflation but it was bad. They adopted the dollar, we shipped them Sac dollars and their economy stablized.[/QUOTE]
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