CGD in the News

Zimbabwe’s Currency Hail Mary (Foreign Policy)

November 21, 2016

From the article

“After the destruction of the Zimbabwe dollar, anyone who believes that funny money bond notes will hold their value is delusional,” said Todd Moss, a senior fellow at the Center for Global Development. “If the bond notes are truly backed by U.S. dollars, there’s no reason not to just put those dollars into the economy. Obviously, the goal is to reintroduce a local currency that can be manipulated for political purposes.”

Read the full article here