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Zimbabwe green June 15, 2015

Posted by proeconomia in Uncategorized.
  • at the peak of Zimbabwe’s hyperinflation in July 2008 the rate was  2,660,522.20 % ,which forced the bank to issue a new Z$100 trillion 
  • a loaf of bread costed the same as 12 cars a decade earlier.
  • In May 2015 the inflation was at -2,75% and the bank starts “demonetising” Zimbabwe dollars in exchange for American ones, at a rate of $1 per Z$35 quadrillion. On eBay, an auction site, collectors are willing to pay considerably more.

Sources : The Economist, Trading Economics



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