presentation

1. BY:
SRIDEVI H.V
1st m.com
2018-19
TOPICS
 ZIMBABWE CRISIS
 TURKEY CRISIS
 OIL PRICEWAR

3.  Zimbabwe is a land-locked
country in south Africa.
 Zimbabwe got independence
from the British govt on 18th
April, 1980.
 1980-2000, Zimbabwe was one
of richest countries in Africa
with 1 zim dollar = 1 us dollar.

6. Hyperinflation is extremely fast or out-of-control
inflation. Hyperinflation occurs when price increases
are so wild that the concept of inflation is
meaningless.
Hyperinflation starts when a country's government
begins printing more money to finance its
expenditure.

8.  Post independence land re-distribution
system.
 Funding for 2nd Congo war.
 Overprinting of Money.

9.  1983
USD $1=ZWD $1
 2000
USD $1=ZWD $1000
 2006(JAN)
USD $1=ZWD $100,000
 2006(JULY)
USD $1=ZWD $500,000
 2008(DEC)
USD $1=ZWD $ 2 Billion
 In 2009, Zimbabwe abandoned its currency and
dollarized - adopted a foreign currency.

11. A ZIMBABWEAN
$100 BILLON NOTE
WAS NEEDED TO
PUCHASE 3 EGGS IN
JULY 2008

12.  Start over completely from scratch.
 Investment in tourism.
 Reserve bank should be independent.
 Implementation of policies to fight
inflation.

14.  President: Recep Tayyip Erdoğan
 Capital : Ankara
 Currency : Turkish Lira
 Language : Turkish
 Located on two continents-
Europe and Asia

15.  The Lira has lost more than 45 percent of its value
against the US dollar this year.
 The currency was at a record low of 7.24 against
the US dollar.
 Inflation has reached 15.6 percent, increasing the
cost of everyday items.

16. A. Huge dollar debts
B. Low interest rates
C. Lack of sufficient Forex reserves
D. Increasing tensions with the US

19.  The central bank vowed to provide banks with "all
the liquidity they need", and the industry ministry
announced the activation of $1.2bn for the Turkish
industrial production.
 Erdoğan called on Turks to sell their dollars and
euros to build up the national currency.
 Qatar announced the $15billion investment into the
country's financial markets and banks.

20. TRIANGLETRIANGLE

21.  OPEC was founded on September 14, 1960.
 Currently, the Organization comprises 15 Member
Countries – namely Algeria, Angola, Congo,
Ecuador, Equatorial Guinea, Gabon, IR Iran, Iraq,
Kuwait, Libya, Nigeria, Qatar, Saudi Arabia ,
United Arab Emirates and Venezuela.

22.  1859-The first commercial oil well was discovered
1859 in Pennsylvania by Edwin Drake.
 During the 1950-60 period, crude oil had emerged as an
essential commodity for Americans. As a result, the US
tapped its major oil reserves located in West Texas.
 1975- US banned export of oil.
 2015- USA came up with “shale fracking” and lifted
ban on export of oil after 40 years.

23.  OPEC engaged in a price war with oil producers
in the United States. The OPEC let prices keep
falling in the hopes that many of the newest
drilling projects in the US will prove unprofitable
and shut down.
 Result : OPEC lost the war against US shale.

24.  US sanctions on Iran.
 National Iranian Oil Company reduced the prices
for oil to Asia by $0.80 .
 The Saudis also reduced the prices to Asia by
$0.70.
 Iranian oil and the Saudi Arabian oil for Asia are
now priced at the same level—$1.20 a barrel.

25.  For the Saudis, the cut is aimed at enticing more
buyers in order to take advantage of the refiners in
Asia that are looking to cut Iranian oil intake for
fear of running problems of the US sanctions.
 For Iran , the cut in prices is an attempt to keep
refiners buying by offering yet another incentive for
them on top of the extended credit periods and
nearly free shipping.
 A Saudi-Iran oil price war could break up OPEC.