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Dollarising in zimbabwe

Recently, Zimbabwe’s has witnessed the ZWL lose value and black market rates reach $3 000. In local supermarkets prices have skyrocketed with government accusing businesses of sabotaging its effort to improve the economy. Prices of goods and services continue to skyrocket in main supermarkets and Zimbabweans have resorted to street traders. Local economist Gift Mugano has said government needs to urgently consider dollarizing amid fears of hyperinflation adding that any other measures will not contain the drastic fall of the local currency against the USD and spiking prices. Do you think that Zimbabwe need to dedollarise?

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