How does a nation’s hyperinflated currency get switched over officially to USD? Who would want to sell US dollars for zimbabwean dollars to allow that to happen for an entire currency? I can understand it very gradually happening via richer people or emigrants bringing dollars from outside, or tourists, but as a whole how does it logistically happen to completion?
In: Economics
I thought maybe it happens very gradually and then the country would sell assets, export goods to get dollars in return and bring in cash that way? They can’t print it, so all this physical cash is just brought hand in hand physically from the US to Zimbabwe? Maybe I’m looking at it all wrong?
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