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A comment on Zimbabwe's plan to use China's currency. Parent comment

Re:Zimbabwe's plan to use China's currency by fspeech on Wednesday December 23, 2015 @11:26PM (#10787115)
Hongkong has a peg to the USD, while China used to. It is not optimal, but I wouldn't say it is unsustainable.
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Re:Zimbabwe's plan to use China's currency by dools on Thursday December 24, 2015 @02:52AM (#10787489)
When China pegged it had completely unassailable reserves of USD. Pegging currency leaves you highly vulnerable to speculative traders and limits the extent to which you can pursue fiscal policy that promotes the prosperity of the populous.
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