100 000 000 000 000 RESERVE BANK OF ZIMBABWE 100 000 000 000 000 promise to pay the bearer on demand ONE HUNDRED TRILLIO
Posted: Sun May 29, 2022 7:22 pm
- 100 000 000 000 000 Reserve Bank Of Zimbabwe 100 000 000 000 000 Promise To Pay The Bearer On Demand One Hundred Trillio 1 (604.98 KiB) Viewed 14 times
Zimbabwe’s currency in 2008-09 at which point of time 1 $ US= 100
trillion Zimbabwean dollars in forex markets. The value of the
Zimbabwean dollar fell rapidly because there was extremely high
hyperinflation (over 300%) at the time. Importantly, Zimbabwe’s
Central Bank made repeated attempts to prevent the value of the
country’s currency to fall so sharply, but to no avail. What are
the general theoretical reasons which led to this currency crisis
in Zimbabwe? Do you believe that Zimbabwe would have avoided this
currency crisis if it adopted a fixed exchange rate with the $ US
in 2008 and earlier? Why or why not? Answer these two subquestion
in no more than 2-3 paragraphs.
100 000 000 000 000 RESERVE BANK OF ZIMBABWE 100 000 000 000 000 promise to pay the bearer on demand ONE HUNDRED TRILLION DOLLARS for the Reserve Bank of Zimbab 100 000 000 000 000 AA2448579 HARARE 100 000 000 000 000 RESERVE BANK OF ZIMBABWE AA2448579 100 000 000 000 000