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faber 100% sure of zimbabwe-style inflation, page-5

  1. mjshackl
    4,013 Posts.
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    28/05/09
    08:34
    Post #: 5212546
    Sure Elm, it makes sense for Zimbabwe to adopt the rand over the USD. The whole idea is to stabilise the economy so using a currency of a neighbouring country is a good reference. They will be setting their prices and wages in Rand, using South African figures as a reference.

    I guess its not really any different to countries like Croatia and Bosnia that peg their local currencies to the Euro.
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