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Hyperinflation in Zimbabwe. 2000-2007 hyperinflation inflation rates as great as 25,000 % 2008 1 egg = ZW$50 billion (US32 ¢) Lottery would pay ZW$1.2.

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Presentation on theme: "Hyperinflation in Zimbabwe. 2000-2007 hyperinflation inflation rates as great as 25,000 % 2008 1 egg = ZW$50 billion (US32 ¢) Lottery would pay ZW$1.2."— Presentation transcript:

1 Hyperinflation in Zimbabwe

2 hyperinflation inflation rates as great as 25,000 % egg = ZW$50 billion (US32 ¢) Lottery would pay ZW$1.2 quadrillion (1.2 x )

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6 4 redenominations / price controls

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10 Agricultural production falls 51% Industrial Production 47% GDP falls 40% Money Supply increases by more than 500B % (2008 estimate) 94% unemployment Election Fraud Human Rights abuses Redistribution of farmland

11 Now Legalized foreign currency transactions 2008/9 –Zimbabwe has no currency; uses dollars, rands, other currencies. Government of Unity (new power-sharing coalition)

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