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What is Impact of Dollarization in Zimbabwe about?

1) Dollarization occurred in Zimbabwe in 2008 as hyperinflation reached astronomical levels, causing the Zimbabwe dollar to effectively lose its value. Zimbabwe adopted the US dollar and other foreign currencies as legal tender. 2) While dollarization stabilized inflation and led to economic growth in Zimbabwe, it also meant loss of monetary control for Zimbabwe and continued dependence on policies made by the US Federal Reserve. 3) Dollarization addressed hyperinflation but not Zimbabwe

Author

Dipika Soneja

Language

EN