Professional Documents
Culture Documents
AAA - MEAP - PPT - Hyperinflation in Zimbawe
AAA - MEAP - PPT - Hyperinflation in Zimbawe
AAA - MEAP - PPT - Hyperinflation in Zimbawe
in Zimbabwe
A Case Study
18th September 2008
11.2 million %!
Yes, 11.2 million per
cent, among the
rarest in world's
history!
Inflation
625 per cent in early
2004.
In March 2007, it jumped
to 1,700 per cent .
By June 2007, shot up to
11,000 per cent.
In July 2008, skyrocketed
to 2.2 million per cent.
And now in September
2008, inflation has
reached uncharted area
at
11.2 million per cent!
Money supply
Sep.
06
35 billion
Nov.
07
67 trillion
Dec.
07
100 trillion
25 quadrillion
Hard times
Driving a pushcart with sick Carrying home the purchases
relative from hospital where unable to afford bus fare
they could not find drugs