How Zimbabwe Controlled Inflation?

A solution effectively adopted by Zimbabwe was to adopt some foreign currency as official. ... In 2009, the government abandoned printing Zimbabwean dollars at all. This implicitly solved the chronic problem of lack of confidence in the Zimbabwean dollar, and compelled people to use the foreign currency of their choice.

How did Zimbabwe tackle their hyperinflation?

In the late 1990s, the Zimbabwe government introduced a series of land reforms. ... To finance the higher debt, the government responded by printing more money, which caused more inflation. Inflation meant bondholders saw a fall in the value of their bonds and so it was hard to sell future debt.

How can hyperinflation be controlled?

Hyperinflation is ended by drastic remedies, such as imposing the shock therapy of slashing government expenditures or altering the currency basis. One form this may take is dollarization, the use of a foreign currency (not necessarily the U.S. dollar) as a national unit of currency.