As per the official information avilable on the website of Reserve Bank of Zimbabwe July 2008 price inflation was a whooping 231150888.87% more than that of July 2007. Adding to the shock the interbank exchange rate of US$ 1 was ZWD 925,825.00 as of December 17, 2008 (official figure from the same source).
There was a havoc kind of a situation here in India when the inflation rates were increasing steeply to11-12%. One can imagine what could be the situation there in Zimbabwe.
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Zimbabwe is full of Billionairs- But in their own Currency
Replies (3)
Dear Mr Nikhil,
Could you pl supply more information on this ?
Info tht you provided is very interesting... Need to knoe smthng more
Thanx
Amit
They have notes of billions which are not even equal to a dollar
thank god, save us from that day........
Hi Amit!!
I will soon be updating it with more details.
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