Question

Why do you suppose that people first stopped regularly asking Zimbabwean dollars as a store of value before deciding to halt their use as a medium of exchange?

Short answer

Local shops showed less pricing in Zimbabwe dollars since they needed foreign currency to import foreign goods, therefore citizens began to use foreign currency in their regular transactions.

Step-by-step solution

Zimbabwean dollars.

Local shops listed less prices in Zimbabwe dollars because they needed foreign currency to import foreign items, hence citizens were increasingly using foreign currency in daily trades.

Despite the lack of a license, many companies and street vendors continued to do so.

Reason for Zimbabwean revalue their money.

Following the hyperinflation, the $ZWD$was demonetized and replaced with a basket of regional currencies. The multiple currency system was decommissioned in $2019$and replaced with a new currency, the $RTGS$dollar. The multiple currency system was reestablished in $2020$.