No. They need to adapt USD or some other major foreign currency. It is the only way because Zimbabwe lost its credibility. Imagine they try to make some changes like denomination or introduce new currency.
How long it will take until it new currency will be again crazy dirt cheap?

by just reading the first few lines of your post i knew you would bring up bitcoin. you do realize that most of the people there don't have access to internet right? let alone a smartphone.

The US dollar has been the world's primary reserve currency for most of the past century. It also has a perception of being a safe-haven currency and constitutes the majority of foreign exchange reserves. Compared to many other currencies in the past, the inflation of the US dollar has typically kept to low levels and thus it's seen as being a safe and reliable store of value. Bitcoin still has a reputation for being extremely volatile while the US dollar is usually seen as being the complete opposite. Bitcoin might be deflationary in the long run but it's probably far too early for this to have any meaningful effect.

Anyway, I doubt their government will adopt Bitcoin as their main currency. Governments like to have control over their countries' currencies and adjust/manipulate their supplies to suit their needs. If Bitcoin ever becomes the main currency in any country, then it will probably be the result of an organic movement from the bottom-up rather than from the top-down.


There aren't many Zimbabweans with personal PCs, but most do have mobile phones (75%). Internet penetration currently stands at roughly 20% while only 10% have personal PCs. Smartphones are still not as prevalent as many neighboring countries but their share is certainly increasing.


He's 91. I'm amazed to see how he's still so active despite being so old. I doubt he has many more years left though.

I got scammed then. I bought a 100 trillion Zimbabwe dollar note for 5$ on eBay in hopes they would discover alien spacecraft or strike oil lol.

Inflation is ok, but a hyper inflation?
The country has become shit in economy terms. So USD can help a bit yes, since it's not hyper inflated.

It's a physical note that has the letters "100 trillion dollars" printed on it. You pay the seller (usually via PayPal) and they'll ship it to your address.

With the current state of affairs in Zimbabwe, I won't be surprised if selling those trillion dollar and billion dollar banknotes has become the primary forex earner for Zimbabwe. Even by the African standards, Zimbabwe is a shit hole, with 30% of the population living outside as refugees (mostly in Botswana and South Africa), and 25% of all the adults being HIV positive.

I am a Zimbabwean and i use Bitcoin, NO bitcoin would not be right for us. Crypto currency is just not suitable for our economy in it's current state.

Quick pointer, we don't just use the USD.

YEN, YUAN, CND, USD, GBP, ZAR, EUR, PULA are all accepted in financial transactions. USD is just more popular among individuals and small businesses.

Let we explain,

We have a major problem of corruption and misappropriation of funds, under our local currency regime, the government could print money willy-nilly and "pay" for everything, but now with the use of foreign currency with which accountability is much higher (no printing to cover the mess you made), we have managed to stabilize our economy which lies on the brink of death. Thus far i can say that our economy has been running in "stand-by mode" since early 2009. "

We have a geo-political problem that emanated from the Land Reform program, the US and allies slammed our economy with sanctions (don't believe the shit about "targeted sanctions") which crippled our economy because as a developing country we were highly dependent on aid from our developed friends. I won't go into the politics of the it, but the sanctions are real and affect us all, even i had a transaction to my bank cancelled yesterday (i'm 21 years old never worked for government nor do any of my close relatives ). A Lithuanian bank went as far as telling me that they did not trust my visa transactions because Zimbabwe is too "remote" to be trusted. if you find it hard to part with the western narrative ..... just think Iran, think Russia, look what the sanctions imposed on them, oil producing countries have done, then consider  that we are mostly an agrarian society.  

We have internal political problems as well and all of these put together result in our being unable to sustain a local currency, and not trusting our government to even try. We prefer the foreign currencies because even though our economy is practically hand to mouth, it is a stable (for now) hand to mouth.

They should just use gold and silver... you can flash very small amounts onto bills........ 

Why you would use the USD ... morons.  Well I guess it makes sense as their leaders are morons.