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Zimbabwe Inflation
02/01/07 - 11:05:08 am
Categories: Zimbabwe

Zimbabwe's inflation is at 1283%, up about 80% since the last time I even posted. This figure comes in after energy costs are factored.

Very sad. The deplorable thing is that the government values the currency at $250zim to $1US. The black market price is $5000zim to $1US. Where then are people going to trade their money?

(Remember Zimbabwe recently lopped off three 0's at the end of its currency, so really the price was $250,000 to $1 with the black market worth $5,000,000 to $1).

This incredible disparity between government value and black market value makes me question...where are the government leaders, notorious for being corrupt in Zimbabwe going to go with their foreign earned cash?

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