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Monday, May. 20, 2013

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Using U.S. Dollars, Zimbabwe Finds a Problem: No Change

News Link • Economy - International

Using U.S. Dollars, Zimbabwe Finds a Problem: No Change

04-25-2012 • New York Times

For years, Zimbabwe was infamous for the opposite problem: mind-boggling inflation. Trips to the supermarket required ridiculous boxloads of cash. By January 2009, the country was churning out bills worth 100 trillion Zimbabwean dollars, which were soon so worthless they would not buy a loaf of bread (the notes now circulate on eBay, as gag gifts).

Read Full Story

Reported by Powell Gammill

•

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Tags: zimbabwe, infamous, opposite, problem, boggling, inflation, supermarket, required, ridiculous, boxloads, january, country, churning, trillion, zimbabwean, dollars

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