Zimbabwe's inflation

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Zimbabwe's inflation

  1. 1. ZIMBABWE INFLATION hasnain baber (c)
  2. 2. One 200,000 dollar note equals less than US $0.10 ce hasnain baber(c)
  3. 3. December 22nd 2007, a new note of 500,000 dollars introduced to the hasnain baber(c)
  4. 4. Next - 750,000 dolla hasnain baber(c)
  5. 5. January 2008 – a new note of 10 million dollars. baber(c) hasnain
  6. 6. This US $10 dollar note is 10 times worth more than the 10 million dollars Zimbabwe note hasnain baber(c)
  7. 7. This guy is going to a supermarket. The exchange rate is 25 million Zimbabwe dollars for 1 US dollar. hasnain baber(c)
  8. 8. This mountain of cash is worth 100 US Dollars. hasnain baber(c)
  9. 9. The 50 Million dollar note is then introduced! hasnain baber(c)
  10. 10. Next is the 250 million dollar note ! hasnain baber(c)
  11. 11. Sorry, how much is this t-shirt? - It’s cheap, only about 3 billion dollars! hasnain baber(c)
  12. 12. May 2008 - a note of 500 million dollars is introduced! hasnain baber(c)
  13. 13. June 2008 - notes worth 25 and 50 billion dollars are printed. hasnain baber(c)
  14. 14. And finally – a 100 billion dollar note! What can you buy for it? Well, 3 eggs for example. hasnain baber(c)
  15. 15. Paying the bill in a restaurant! hasnain baber(c)
  16. 16. In August, the government devalued the Zimbabwe dollar by removing 10 zeros hasnain baber(c)
  17. 17. However, inflation kept going up and in September 2008 for this amount of cash you could only buy 4 tomatoes. hasnain baber(c)
  18. 18. And for this - a loaf of bread. hasnain baber(c)
  19. 19. And then it started all over again: a 20,000 dollar note in Septemb hasnain baber(c)
  20. 20. Then came a 50,000 Dollar note…….The 500,000 and 1,000,000 (new currency) notes have been released 11 November 2008 courtesy www.zimbabwesituation.com The country's currency plunged to a new record low, trading at an average Z$28,4 quadrillion to the US dollar and triggering massive price increases. The hyperinflation is now estimated at over a quintillion percent, although no one really knows. hasnain baber(c)
  21. 21. All of which explains this notice in the toilets….
  22. 22. THE END hasnain baber(c)

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