hyperinflation in zimbabwe. 2000-2007 hyperinflation inflation rates as great as 25,000 % 2008 1 egg...
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![Page 1: 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](https://reader035.vdocuments.us/reader035/viewer/2022062312/551bcf3d550346b4588b539a/html5/thumbnails/1.jpg)
Hyperinflation in Zimbabwe
![Page 2: 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](https://reader035.vdocuments.us/reader035/viewer/2022062312/551bcf3d550346b4588b539a/html5/thumbnails/2.jpg)
2000-2007 hyperinflationinflation rates as great as 25,000 %• 2008 1 egg = ZW$50 billion (US32 ¢)
Lottery would pay ZW$1.2 quadrillion (1.2 x 1015)
![Page 3: 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](https://reader035.vdocuments.us/reader035/viewer/2022062312/551bcf3d550346b4588b539a/html5/thumbnails/3.jpg)
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4 redenominations / price controls
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2000-2007
• 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
![Page 11: 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](https://reader035.vdocuments.us/reader035/viewer/2022062312/551bcf3d550346b4588b539a/html5/thumbnails/11.jpg)
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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