Zimbabwe experienced a period of extreme hyperinflation between 2007 and 2008. The value of the Zimbabwe dollar plummeted rapidly, requiring the government to introduce banknotes with ever higher denominations, including notes as high as 100 billion dollars. By 2008, high denominations were needed to purchase even basic necessities, and the government eventually removed 10 zeros from the currency. However, inflation continued to rise severely, demonstrating the devastating impact of hyperinflation on the Zimbabwe economy and population during this period.
16. In August, the government devalued the Zimbabwe dollar by removing 10 zeros
hasnain baber(c)
17. However, inflation kept
going up and in
September 2008
for this amount of cash
you could only buy
4 tomatoes.
hasnain baber(c)
18. And for this - a loaf of bread.
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19. And then it started all over again:
a 20,000 dollar note in Septemb
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20. Then came a 50,000 Dollar note…….The 500,000 and 1,000,000 (new currency) notes
have been released 11 November 2008 courtesy www.zimbabwesituation.com
The country's currency plunged to a new record low, trading at an average
Z$28,4 quadrillion to the US dollar and triggering massive price increases.
The hyperinflation is now estimated at over a quintillion percent, although no one
really knows.
hasnain baber(c)
21. All of which explains this notice
in the toilets….