Zimbabwe's Forsaken Economy
Zimbabwe is facing a terrible economy crisis, and at one point had the highest hyperinflation of any country ever.
In 2008, Zimbabwe's hyper inflation reached a point of 78.9 billion percent per month. Prices doubled every 15 hours.
In 2008, Zimbabwe's hyper inflation reached a point of 78.9 billion percent per month. Prices doubled every 15 hours.
In April 2009, Zimbabwe started phasing out the Zimbabwean Dollar in favor for the US Dollar.
175 quadrillion Zimbabwean Dollars = 5 US Dollars. 250 trillion Zimbabwean dollars = 1 US Dollar.
Unemployment = 95%.
The economy has not improved with the introduction of the US Dollar.
In fact, it's gotten worse.
175 quadrillion Zimbabwean Dollars = 5 US Dollars. 250 trillion Zimbabwean dollars = 1 US Dollar.
Unemployment = 95%.
The economy has not improved with the introduction of the US Dollar.
In fact, it's gotten worse.