Eye opening. Reading time series chart doesn't do it justice. Countries that suffer from severe inflationary spirals (i.e. hyperinflation) typically have a central bank that lacks credibility or coordinated monetization of the debt between the government's ministry of finance and the central bank. I'm curious as to the people's view of their government in Zimbabwe.
Also, if the domestic currency has little value, what alternative currencies do households and businesses adopt there? Are gold or Bitcoin seen as an economic haven or store of value as we have seen in Venezuela?
They trade other currencies on the black markets when their own is going out of control. I think bitcoin is still slow to be adopted in Africa, despite the fact that the need and interest is certainly there. I don't think they deal with gold there, probably is far more likely to trade things like goods and services and the barter system than deal with gold in the day-to-day.