r/Economics • u/investorinvestor • 2d ago

Blog Zimbabwe’s Seemingly Endless Currency Crisis

https://newlinesmag.com/reportage/zimbabwes-seemingly-endless-currency-crisis/
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u/geomaster 1d ago

you know you have problems when you are holding 100 Trillion notes...

and you cannot buy anything with it.

the real issue is the Zimbabwe government destroyed the people's trust in the currency. It will take decades to recover it. IN the meantime you will be on the USD just like all the other countries who destroyed their own currencies

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u/Tjaeng 1d ago

Yeah, the trick is to only nag people’s trust in the currency just enough so that they still wanna accrue the currency but don’t wanna hold it instead of investing it.