| From Iwpr.net: Despite government denials that economy has been “dollarised”, local currency virtually unacceptable as legal tender. Grocery purchases, public hospital bills, property sales, rent, legal fees, vegetables and even mobile phone recharge cards in Zimbabwe are now paid for in foreign currency as the worthless Zimbabwe dollar virtually ceases to be legal tender.
Once a regional economic model, Zimbabwe is in the throes of an economic crisis, with unemployment running at more than 80 per cent and many families unable to afford a square meal. Stratospheric inflation (officially estimated, in July, to have reached 231 million per cent) and an unstable exchange rate have caused the Zimbabwe dollar to lose both credibility and its value as a trading currency.... Full Article: Source
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