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View Full Version : Inflation in Zimbabwe


skinfanatic
09-14-2007, 03:45 PM
http://www.cnn.com/2007/WORLD/africa/09/14/pets.zimbabwe.ap/index.html

ok, cruelty to animals, blahblahblah

focus on one part of it:
"Zimbabwe's economic meltdown, with official inflation of more than 7,600 percent, the highest in the world. Independent estimates put real inflation closer to 25,000 percent and the International Monetary Fund has forecast it will reach 100,000 percent by the end of the year."

umm, WHAT? a) how is this even possible? b) how is this guy wearing cole han shoes?

SkinsKY
09-14-2007, 04:04 PM
I work with a lady who is from Zimbabwe and she tells me stories all the time about taking suitcases of money to buy bread. And that was before it got this bad. There was an article that even after selling goods store owners could not afford to replace the goods sold and raised prices, sometimes doubled, daily. It's a pretty poor situation over there.

shally
09-14-2007, 05:07 PM
almost as bad as italy... suitcases of lire needed...