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Harrowing Hyperinflation

Posted on January 23, 2009 by Claire Adamsick
Topics: Governance
Countries: Zimbabwe

Zimbabwe's current hyperinflation rate sounds as flabbergasting as it is: 6.5 quindecillion novemdecillion percent.

That's 65 followed by 107 zeroes, and the number is doubling nearly every day. Zimbabwe's Harare Tribune says that bank withdrawals are limited to an amount that won't even cover half a loaf of bread.

Staggering inflation has made the currency practically worthless — causing locals to turn to foreign currencies like the U.S. dollar, the South African rand, Botswana pula or Zambian kwacha and reviving bartering, reports the UN news service.

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