toward the end of 1999, the central bank(reserve bank) in Zimbabwe stabilized the Zimbabwe dollar, the Zim for short, at Z$38/USD and privately instructed the banks to maintain that rate. In respone, at the end of 1999, an illegal market developed wherein the Zim traded at Z$44/USD. Are you surprised that rumors that claim corporations in Zimbabwe were "hoarding" USD200 million? Explain.
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