Harare, Zimbabwe—“It was a thrill when the U.S. dollar was introduced in Zimbabwe as legal tender. Before that, we were all too often balancing the cash in the office, which was a nightmare—especially with all the zeros, not to mention the coins and having to weigh them,” says Anna, a bank teller. The bank, it seems, had a standard weight for a certain amount of coins for each denomination. Instead of going into the bank and counting the coins, they would weigh them because there were so many. “Inflation got so bad,” she continued, “it was a relief to have a stable currency, as our money was losing value by the minute. Before the [U.S.] dollar came, we were in a spending frenzy as our own currency lost value so quickly, it was necessary to get rid of it quickly—to...
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Tafadzwa Chigumira; Dollars to Donuts. World Policy Journal 1 September 2014; 31 (3): 108–115. doi: https://doi.org/10.1177/0740277514552980
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