Wednesday, February 4, 2009

Hyperinflation in Zimbabwe

As the economic tragedy of Zimbabwe continues with Mogabe's refusal to step down, the country's hyperiflation is now breaking all records. The inflation rate as of last july was 231 million percent. Or a better figure may be that one U.S. dollar is trading above 300 trillion Zimbabwe dollars. If you want to understand what that means, write the zeros on paper and think what it means. Because of this high iflation, the value of the currency have literally become useless.The highest bill they have so far is 100 trillion dollars and is not enough to buy a loaf of bread! To read more about the story check here.

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