Zimbabwe government trying to push for new Zimbabwe Dollar - Surprised?

[el kaka22]

There is really not much they could have done anyway, I mean this is a wrong method to fix the issue they are having right now I can agree with that but they have to find a solution and they have been working on finding one for years now.

It is not easy to save a country like Zimbabwe, they are so dead in the water that it is a marvel how people can survive there, when you are that far gone that means it will take decades to recover and a whole lot of work put into fixing the economy, you can't expect it to get better right away and you can't really expect them to be right on every subject considering every single country has corruption, so that leaves us with constant tries for multiple attempts at getting better that takes years, eventually they will find the right one but that might take decades.

[1714686001]

1714686001

[Strongkored]

I read it in the newspaper about their fears of hyperinflation. A country must have its own currency. Government steps that use the USD when hyperinflation occurs is just an initial rescue step but it seems the government forgot to educate its community that they will return to their own currency when it is stable, but how can they stabilized their own currency if no one use even in their country. The possibility of Zimbabwe experiencing hyperinflation is very possible when they cannot stabilizing their own currencies and what is worse is that Zimbabwe is on the failed list

[guoyu78]

I read it in the newspaper about their fears of hyperinflation. A country must have its own currency. Government steps that use the USD when hyperinflation occurs is just an initial rescue step but it seems the government forgot to educate its community that they will return to their own currency when it is stable, but how can they stabilized their own currency if no one use even in their country. The possibility of Zimbabwe experiencing hyperinflation is very possible when they cannot stabilizing their own currencies and what is worse is that Zimbabwe is on the failed list

I don't think that there is anything that is ever beyond the control of human, that is why we have been designed to have knowledge, it all depends of how we manage to use it. The USD we are taking about which they are using as the temporarily measure to control the inflation, it has its own problem also, and they will not continue to rely on it because it is a failing currency already, so if they fee in future their own personal currency will be okay, then they can out it to test and may not led to any hyperinflation.

Is that not why they have financial experts and advisers, so better they try to depend on themselves first and sort out their issue on their before they start thinking of external ways if that what fails. Maybe now, they will even start considering cryptocurrency too as an alternative.