175 Quadrillion Zimbabwean Dollars Now Equals 0.02164502 BTC

[tadakaluri]

Yes, There is no alternative than USD for Zimbabwe in this present situation.

[Falconer]

Yes, There is no alternative than USD for Zimbabwe in this present situation.

Yeah seems USD still become strongest currency in the world, so every hyper inflation country have to change its own currency into USD to make its economy be balanced again.
https://en.wikipedia.org/wiki/International_use_of_the_U.S._dollar
http://www.investopedia.com/articles/forex/040915/countries-use-us-dollar.asp

[EternalWingsofGod]

Yes, There is no alternative than USD for Zimbabwe in this present situation.

Yeah seems USD still become strongest currency in the world, so every hyper inflation country have to change its own currency into USD to make its economy be balanced again.
https://en.wikipedia.org/wiki/International_use_of_the_U.S._dollar
http://www.investopedia.com/articles/forex/040915/countries-use-us-dollar.asp

In a sense even if the US is fairing poorly on average it still performs better than replacement options based in fiat.
At least for now.
Waits for QE4 if it ever comes

[OBAViJEST]

So can we crypto-holders take over Zimbabwe?  What's holding their economy together?

[saturn643]

The funny thing is, the paper notes are worth more on eBay than they are as currency in Zimbabwe.

[ArticMine]

The Zimbabwean 100 Trliion Notes in uncirculated condition have actually appreciated in value http://www.ebay.com/bhp/zimbabwe-100-trillion

[teemus]

I don't think bitcoin would be right for them,USD is a much better choice

[ArticMine]

I don't think bitcoin would be right for them,USD is a much better choice

Bitcoin would not work unless the blocksize limit was increased.

[Hopalong]

I don't think bitcoin would be right for them,USD is a much better choice

How would they even get bitcoin? Whole country doing faucets?

[zend7]

Zimbabwe might not be able to limit inflation, by adopting fiat currencies such as the United States Dollar and the South African Rand. These currencies are also not protected from inflation. If the Zimbabwean government really want to curb the price inflation in that country, it should legalize some currency which is immune to inflation, such as the Bitcoin.

Inflation is ok, but a hyper inflation?
The country has become shit in economy terms. So USD can help a bit yes, since it's not hyper inflated.

Zimbabwe was always shit in terms of economy since forever. Nothing can help the hyper inflation. I think they should ouster the actual government and start a new one with a new money there and try to build the economy up from scratch. I know this is the most difficult thing to do but it is also the only one which might work there.

[davis196]

175 Quadrillion Zimbabwean Dollars Now Equals $5

HARARE, Zimbabwe — Zimbabweans will start exchanging quadrillions of local dollars for a few U.S. dollars next week, as President Robert Mugabe's government discards its virtually worthless national currency.

Robert Mugabe is a total idiot who became a dictator.

His economic policy is a total failure and still there`s no revolution or rebellion in Zimbabwe.

By the way,i don`t know why do you have to compare zimbabwean dollars with btc.

[eternalgloom]

175 Quadrillion Zimbabwean Dollars Now Equals $5

HARARE, Zimbabwe — Zimbabweans will start exchanging quadrillions of local dollars for a few U.S. dollars next week, as President Robert Mugabe's government discards its virtually worthless national currency.

Robert Mugabe is a total idiot who became a dictator.

His economic policy is a total failure and still there`s no revolution or rebellion in Zimbabwe.

By the way,i don`t know why do you have to compare zimbabwean dollars with btc.

And I don't know why you have to reply to topics that are a year old, without adding a useful reply.

Mugabe won't live long in any case, the guy is 92 years old and the country is on the brink of revolution.

The source isn't too good, but better than nothing:
http://metro.co.uk/2016/07/10/the-end-is-coming-for-robert-mugabe-zimbabwe-looks-to-be-on-the-brink-of-revolution-5997703/

And one Zimbabwean Dollar is now worth 0,0027 US Dollar, so basically 0,000004670 BTC