The central bank of Zimbabwe scrapped the country's national currency on Friday and started using the U.S. dollar. The Zimbabwean dollar has for the past decade become more and more worthless because of spiralling inflation. Hyperinflation peaked at an incredible 500 billion per cent in 2008. Since then, Zimbabweans began seeking financial security in the U.S. dollar. Economists estimate that today, 90 per cent of the economy is based on the U.S. dollar. People have until September to exchange their remaining local currency for the U.S. dollar. The official exchange rate is one U.S. dollar to 35 quadrillion Zimbabwean dollars. That's 35 followed by 15 zeroes.
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