Inflation in Zimbabwe has broken all the records and is first such country of the list where inflation has reached to an uncountable percentage. Name of Zimbabwe will probably appear in the Guinness Book of World Records. In March 2008, inflation was 3,55,000 per cent, which was the double of the inflation in February 2008, when it was 1, 65,000 per cent. We have to say thanks to the Country’s Central Bank (CCB) and the people who are involved in inflation calculation. How they are able to calculate the 3, 55,000 per cent inflation is out of the intelligence of normal people.
What does this level of inflation in Zimbabwe mean to the poor residents of the country? It means that Zimbabweans are purchasing a sandwich for Zimbabwean $50 million, sounds crazy? One kg of potatoes cost Zimbabwean $17 million. Effectively, this means that the value of Zimbabwean dollar has reached almost to zero. Hence 50-million Zimbabwean dollar equals to only1 US$… really only one US$. And also, 50 million Zimbabwean dollar equals to almost 42 Indian rupees.
Enough of (ZA)Nu Labor. BNP is the only real alternative.
[quote=anildewani]
yea. I heard about the increasing infaltion rate in zimbabwe. I think this is an temporary matter. It should come back to normal soon. anyhow..
lol on the currency note
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Temporary matter??? This is going on for about 5-6 years now. Still thinking that it is temporary?
Enough of (ZA)Nu Labor. BNP is the only real alternative.
Wow.. perfect.. Only the common Zimbabweans are suffering. Mugabe and his allies are busy checking their bank balances in Swiss accounts. Want to be a billionaire? Go to Zimbabwe.. I have heard that trillion dollar notes have been issued in Zimbabwe.. So anyone want to become trillionaires?
