If Zimbabwe wants to be open for business and wants its own sound currency, it should adopt a currency board. That would make Zimbabwe's currency a clone of the U.S. dollar, or some other suitable anchor. Free convertibility would reign, and so would low inflation rates and higher asset valuations.
If Zimbabwe wants to be open for business and wants its own sound currency, it should adopt a currency board. That would make Zimbabwe's currency a clone of the U.S. dollar, or some other suitable anchor. Free convertibility would reign, and so would low inflation rates and higher asset valuations.
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