3 ms·

Did things get better after dollarization?

• t43562 2y ago
  I wasn't there but I think dollarization brought stability. There was no need to rush off to spend your money. The "elite" don't really benefit from dollarization though. The currency was a way for them to rob everyone without even trying. All the big black market money dealing companies were ultimately owned by the big players in ZANUPF. So they profited from the difference between the official exchange rate and the black market one. They were able to use their influence to get dollars at the official rate and sell at the unofficial one. So for that and other (more reasonable) reasons they have tried to reintroduce a currency. The place is so humped that I don't know if it can ever be fixed. This is what you get for electing demagogues. I say that as a warning to those of you who think national pride is a substitute for intelligent behavior.