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

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.