Zimbabwean Inflation and Currency

February 27, 2009



Indian economy and our financial position shakes if the inflation goes over 10%. In Zimbabwe, the current inflation rate has gone over 13,000,000%. This poor country is not left with any option that to print currencies of higher values.
In October 2008, Zimbabwe's $65 billion were equal to just US $2000. Now this equation has become further worst.
To cater the inflation, the Zimbabwean government has ordered printing of Zimbabwean $100 trillion notes (1 trillion = 1,00,000 crores).
Moreover, the life of the note will be just 7.5 months. This means, if you have a Zimbabwean note which was printed on May 15, 2009, then you should use it on or before December 31, 2009. Else, it will not be accepted after this period. So, be careful if you're visiting Zimbabwe!!

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