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Hyperinflation in Zimbabwe – It’s back, but maybe not for long

Hyperinflation in Zimbabwe – It’s back, but maybe not for long

Submitted by BullionStar.com

When a nation adopts a foreign currency it will typically face significant hurdles when it tries to rid itself of that currency, or de-dollarize. But Zimbabwe’s autocratic ruler Robert Mugabe has appeared to have done the impossible. After dollarizing ten years ago, over the course of the last year or two he and his cronies have managed to throw off the U.S. dollar and re-introduce a Zimbabwean replacement.