One year, that’s how long it took Zimbabwe to reach a skyrocketing inflation growth of more than 100.000%.
For example: nowadays, a Zimbabwean loaf of bread costs 3,275 Zimbabwean dollars, which would be an estimated 57 USD. One year ago, Zimbabwe already tried to undertake an economic rescue by introducing a stringent price control system, but international intervention was needed. While the country’s government is blaming this hyperinflation on the sanctions the Western World has imposed on them, critics all over the world mention the high unemployment rate and a rather “ambitious” plan to give back all the white-owned farms to the black people, as possible reasons for this painful situation.
Machteld Joly
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One year, that’s how long it took Zimbabwe to reach a skyrocketing inflation growth of more than 100.000%. For example: nowadays, a Zimbabwean loaf of bread costs 3,275 Zimbabwean dollars, which would be an estimated 57 USD. One year ago, Zimbabwe already tried to undertake an economic rescue [an economic rescue plan] by introducing a stringent price control system, but international intervention was needed. While the country’s government is blaming this hyperinflation on the sanctions the Western World has imposed on them, critics all over the world mention the high unemployment rate and a rather “ambitious” plan to give back all the white-owned farms to the black people, as possible reasons for this painful situation.
good flow & style
olaf
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