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Yes, you have to do the opposite of what the government did (printing more cash): remove money from circulation. The Zimbabwean dollar ceases to exist, regardle
by zamalek 6y ago
Yes, you have to do the opposite of what the government did (printing more cash): remove money from circulation. The Zimbabwean dollar ceases to exist, regardless. They have adopted forex, usually ZAR and USD.
My main point is that fiat currency implies trust in some entity. Zimbabwean vendors have chosen to trust the South African and US governments.