{"id":59594,"date":"2022-05-23T17:32:23","date_gmt":"2022-05-23T15:32:23","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/its-time-for-zimbabwe-to-dump-its-local-currency-hanke"},"modified":"2022-05-23T19:52:08","modified_gmt":"2022-05-23T17:52:08","slug":"its-time-for-zimbabwe-to-dump-its-local-currency-hanke","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/its-time-for-zimbabwe-to-dump-its-local-currency-hanke","title":{"rendered":"It\u2019s Time For Zimbabwe To Dump Its Local Currency \u2013 Hanke"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>Steve Hanke, a professor of applied economics at Johns Hopkins University, says Zimbabwe should abandon its local currency and officially adopt the US dollar to tame runaway inflation.<\/p>\n

According to Hanke\u2019s Inflation Dashboard, Zimbabwe currently has the highest rate of inflation in the world at 244 per cent followed by Lebanon whose rate of inflation is 161 per cent.<\/p>\n

According to figures released by the Zimbabwe National Statistics Agency (ZimStat) about a month ago, the country\u2019s year-on-year inflation was 96.40 per cent. Lebanon\u2019s official inflation rate is 208.13 per cent. Said, Hanke:<\/p>\n

In this week\u2019s inflation table, #Zimbabwe takes the 1st prize. On May 19, I measured Zimbabwe\u2019s #inflation at 244%\/yr.<\/p>\n

Almost 3x the official inflation rate of 96.4%\/yr. It\u2019s time for Zimbabwe to dump the Zim Dollar & officially adopt the USD.<\/p>\n

However, the Zimbabwean Government, despite promoting the use of the US dollar in domestic transactions, insists it has no plans to dump the Zimbabwe dollar.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Steve Hanke, a professor of applied economics at Johns Hopkins University, says Zimbabwe should abandon its local currency and officially adopt the US dollar to tame runaway inflation. According to Hanke\u2019s Inflation Dashboard, Zimbabwe currently has the highest rate of inflation in the world at 244 per cent followed by Lebanon whose […]<\/p>\n","protected":false},"author":84,"featured_media":59593,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,7,35,15],"tags":[1493,2189,9928,327,9927,6639,19,968],"class_list":{"0":"post-59594","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-files","9":"category-homepage-english","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-annual-inflation","14":"tag-inflation","15":"tag-professor-steve-hanke","16":"tag-steve-hanke","17":"tag-zimbabwe","18":"tag-zimbabwe-dollar"},"yoast_head":"\nIt\u2019s Time For Zimbabwe To Dump Its Local Currency \u2013 Hanke - zimbabwe<\/title>\n<meta name=\"description\" content=\"Steve Hanke, a professor of applied economics at Johns Hopkins University, says Zimbabwe should abandon its local curren ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/its-time-for-zimbabwe-to-dump-its-local-currency-hanke\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It\u2019s Time For Zimbabwe To Dump Its Local Currency \u2013 Hanke\" \/>\n<meta property=\"og:description\" content=\"Steve Hanke, a professor of applied economics at Johns Hopkins University, says Zimbabwe should abandon its local curren ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/its-time-for-zimbabwe-to-dump-its-local-currency-hanke\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-23T15:32:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-23T17:52:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/05\/postQueueImg_26.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1401\" \/>\n\t<meta property=\"og:image:height\" content=\"1050\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/its-time-for-zimbabwe-to-dump-its-local-currency-hanke\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/its-time-for-zimbabwe-to-dump-its-local-currency-hanke\",\"name\":\"It\u2019s Time For Zimbabwe To Dump Its Local Currency \u2013 Hanke - 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