Or if you've bought an energy unit, you could still be sitting in the dark?
How is this a benefit?
Having a Zimbabwean Pound today can only buy you an apple if there are apples available.
Tomorrow the apples will probably still be available but now it may take ten Zims to buy one.
An apple Unit on the other hand, would still be redeemable for the apple, but maybe not that much else.
I suspect that a Unit issued by a credible operator and redeemable in 10 Kilo Watt Hours, or maybe a Unit redeemable for an hour of Zimtel talk time; or a Unit redeemable in Zim land rental value, would remain fairly constant against apples too, even though the fiat Zim is fucked. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
Someone I knew who was in the top team at Orange a few years ago told me that the Egyptian Central Bank forced their local operation to cease issuing their highest value phone cards because they were being increasingly used as currency, since they held their value better than the official currency at the time. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
