Wednesday, February 20, 2008

Zimbabwe Inflation and Economic Instability

In the latest report (Dec 2007), Zimbabwe's inflation has hit above 66,000%..

"Zimbabwe's inflation rate for the month of December has hit a new all time high of 66,212 percent - nearly triple the November figure of 26,741 percent. Food and non-alcoholic drinks soared by 79,412 percent while non-food items rose 58,493 percent" - See article

Another interesting article: Zimbabwe: Life under the world’s highest inflation rate

Video from BBC News (dated 15 Feb 2008)

And in these below two videos, see how children play with money which had become worthless and the woman carrying a huge basket of Zimbabwean currency just to buy groceries at the shop... Businesses have found it close to impossible to do business in the climate of uncertainty..



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