(photoPhilimon Bulawayo / Reuters)
The Zimbabwean government's dollarization program has stopped inflation and made food prices more constant...
The Zimbabwean government's dollarization program has stopped inflation and made food prices more constant...
...The decision to "dollarize" Zimbabwe's economy, one of the first acts of the new unity government (including erstwhile enemies President Robert Mugabe and Prime Minister Morgan Tsvangirai), has brought a small amount of stability to the economically ruined country. All civil servants now earn a monthly salary of U.S. $100, while shops and banks accept dollars and rands.The move to dump the Zimbabwe dollar has also stemmed the country's runaway inflation. ...
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