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Learn about the history, causes and effects of Zimbabwe's hyperinflation, which began in 2007 and reached a peak of 89.7 sextillion percent in 2008. Find out how Zimbabwe switched to the US dollar and the RTGS dollar, and how inflation fluctuated in recent years.
Nov 19, 2017 · In 2009, Zimbabwe was forced to abandon its currency — which had gone up in an inferno of hyperinflation — and to adopt the dollar as its principal means of exchange. The enforced dollarisation...
Nov 13, 2019 · Learn how Zimbabwe experienced the second highest hyperinflation rate on record in 2008, caused by printing money, economic shocks and price controls. Find out the costs and consequences of hyperinflation, and how it was solved by switching to the US dollar.
How did Zimbabwe go from being a promising African nation to a financial basket case? This article traces the country's history of economic mismanagement, hyperinflation, sanctions and isolation, and the current challenges it faces.
Oct 10, 2019 · Zimbabwe now has the world’s second highest inflation after Venezuela, according to International Monetary Fund figures. The southern African nation went through this a decade ago but says there is no getting used to it, and coping has become both creative and desperate.
Learn how Zimbabwe experienced the worst hyperinflation in the 21st century, from 2007 to 2009, and how it affected the country's economy and society. Explore the causes, effects and solutions of the Zimbabwean hyperinflation episode.
Nov 17, 2019 · This chapter examines the Zimbabwean economy during its hyperinflation episode from 2006 to 2009, when inflation reached unprecedented levels. It explores the factors that contributed to the hyperinflation, such as fiscal deficits, military spending and land reform, and how it affected households, firms and public services.
