Monday, November 7, 2011

South Africa offers its currency instead of dollars

The global economy rules igry09-02-2009 South Africa offers its currency instead of dollars of South Africa offered to host its own currency - Rand - as the primary means of payment in Zimbabwe. Such a decision could be salutary for Zimbabwe, whose economy is in collapse. However, from South Africa also has both political and economic calculation. South African President Kgalema Motlanthe has proposed to adopt the rand as the national currency of Zimbabwe. Such a decision could be salutary for Zimbabwe. Because of its national currency - zimbaviyskom dollar - already invented a lot of sad jokes. Inflation in the country according to official data, is 231 million percent a year. Have already been released banknote in 100 trillion Zimbabwean dollars, but recently in Zimbabwe, met again denomination banknotes with removing 10 zeros. The origins of "Zimbabwe's economic miracle" lies in the persecution of white farmers, organized by the permanent President of Zimbabwe Robert Mugabe. Destruction of efficient agriculture has been called an unprecedented downturn in the economy, which previously failed to achieve either a bloody civil war or political turmoil. A leading expert at the Center for Macroeconomic Analysis and Short-Term Forecasting (CMASTF) Alexander Apokin called the transition to South African Rand for Zimbabwe, "one of the most logical step" in a situation in which the country resides.

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