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Vol 49 No 23

Published 14th November 2008


Zimbabwe

A mysterious US$100 million

Vital questions emerge from the US dollarisation of Zimbabwe: where have all the US bills come from? How long can the supply continue? How will they be replaced once they become tattered from overuse? Everyone from street vendors to foreign exchange bureaux quotes prices in US dollars. They have plenty of bills if change is required. Bankers reckon that more than US$100 million of US currency is in daily circulation in Zimbabwe.

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