I’ve written a handful of posts about Zimbabwe over the years, mostly because of the unbelievably harmful reign of Robert Mugabe.  Two years ago I pointed out that the country had just started printing a $100,000 note.

Now the troubled nation has released a $100 billion note.  It sounds like a lot of dough, but it’s only worth about one US dollar and will enable you to purchase just four oranges - at least for a few more days.  According to the article it won’t even buy a loaf of bread.

Oh, and the official inflation rate there is now 2,200,000%.  I’m not kidding.

• Zimbabwe Inflation Over 1000%
• Carbon offsets
• Zimbabwe: a case study in failure
• It’s the dollar, stupid
• Cato gives Riley an “F”

This entry was posted by Brian on Saturday, July 19th, 2008 at 6:10 pm and is filed under International. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. Please note the copyright policy.