Tag Archives : hyperinflation

At last the coalition government is in place and power sharing has been worked out and ailing Zimbabwe finally gets a new sympathetic PM. It took rather a long time ever since the dramatic run-off which Robert Mugabe won by simply eliminating the opposition from the race. MDC was forced to withdraw from the final run-off Presidential polls. According [...]

The World Health Organization has confirmed that more than 3,000 people have died of cholera in Zimbabwe. This clearly points to the fact that the waterborne disease is out of control by health experts. The epidemic adds misery to an already desperate country wracked by political strife and a seemingly insurmountable economic crisis. To add to a pile [...]

This is the current foreign exchange rate in Zimbabwe. To reduce the burden of bundles of currency notes to buy things worth few US dollars, Zimbabwe is introducing Z$100 trillion currency note and other trillion-dollar denominations. But will this move really help in tackling hyperinflation and failing economy? As political crisis continues in Zimbabwe, [...]