Inflation in Zimbabwe has hit 2.2m% and is running out of paper to print new currency.
This takes them into rather uncharted territory. Even German hyperinflation during its darkest days never took them that far. It'll be interesting to see if their economy devolves back to barter or if they substitute some other scarce object for currency (gold? US dollars? weapons? ammunition?).
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Date: 2008-07-23 01:16 pm (UTC)This takes them into rather uncharted territory. Even German hyperinflation during its darkest days never took them that far. It'll be interesting to see if their economy devolves back to barter or if they substitute some other scarce object for currency (gold? US dollars? weapons? ammunition?).