Here we go again! People living in Zimbabwe are more likely to use U.S. than Zimbabwe dollars. It appears a failure in confidence will once more, for the second time in two decades, making the U.S. dollar the de facto currency for the beleaguered African nation’s commerce.
It doesn’t take much to illustrate the point. According to a Jan. 30 Bloomberg news report, when Zimbabwean businessman Nigel Chanakira