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Category:

The Scourge of Inflation

July 20th, 2008 by Administrator
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How can you do business in a country when you need Z$500 billion a day just to fulfill your basic needs?

You have to be at trillionaire just to survive!

It goes to say that the number 1 enemy for social stability and economic well being is keeping inflation in check…

BBC NEWS | Africa | Zimbabwe introduces Z$100bn note

Zimbabwe is to introduce a bank-note worth Z$100bn in response to rampant inflation - but the note will barely cover the cost of a loaf of bread.

Some Zimbabweans are already calling for higher denominations in a country where the official annual inflation rate has exceeded 2,200,000%.

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