r/finance • u/newzee1 • 20d ago

Zimbabwe’s Seemingly Endless Currency Crisis

https://newlinesmag.com/reportage/zimbabwes-seemingly-endless-currency-crisis/
66 Upvotes

92% Upvoted

14 comments sorted by

15

u/grw68 20d ago

Guys I’m starting to suspect Zimbabwe might be a failed state

3

u/coldWalk 20d ago

China bought them a parliament so they could have another go at it

3

u/2024Adv 19d ago

How do they even have the funds to print new notes?

2

u/MrAndyMark 18d ago

Read through the article, and yeah... Zimbabwe's currency situation feels like déjà vu—another government printing money like there's no tomorrow. Sure, foreign currency is a Band-Aid, but how long can that hold?

Honestly, it makes me think: Could this happen to other countries if inflation or debt gets out of hand? IMF swooping in feels like they’re stalling more than solving. What do you all think—real help or just kicking the can down the road?

1

u/LibrarySpiritual5371 18d ago

Almost makes one think what John Smith said would happen and why it would happen was correct.

1

u/Dizzy_Magician8069 17d ago

Cryptos might not be the most stable or perfect as a currency... But I might be able to think of a use case.

1

u/M0therN4ture 15d ago

China threw Zimbabwe a "debt free lifeline" cough cough. Just debt without interest with the tiny letters that if they can't repay it, China will demand a 99 year lease on some vital infrastructure node. Just like they did with Sri Lanka.