http://www.bbc.com/news/world-africa-36210680I quote "
bank customers are not always able to withdraw the amount of US dollars they want because of a shortage of dollar notes in Zimbabwe."
This is one of the countries in Africa with the poorest population and the greatest need for micro transactions. I think this decision will push more people to use alternative methods of payment and also alternative investment currencies to protect their wealth. We have already seen M-pesa making in-roads into Kenia and other African countries as a alternative to their reserve currency.
The political instability in that country will not help in making sound financial decisions and they hate western influences, but they accept the dollar? ^hmmmmm^
You have to understand a few things here.
No so many people in that area can use Internet.
If they can use internet, they don't have enough skills and knowledge how to use Internet for finance, payments, sending or receiving money etc.
Even if they have internet and have some understanding about sending money or Internet, finance etc. what they can do with bitcoin there?
They can't buy or sell anything for bitcoin.
No, right now, I don't think bitcoin is better option for them.