When I read this headline, I double checked to see if I was reading this correctly and my eyes were not making a mistake. But this is actually true. Zimbabwe has the worlds highest inflation currently at 100,500 Percent. Also One US dollar will buy you $25 million in Zimbabwean currency.
I thought US Fed chairman Ben Bernanke had a tough job balancing inflation and growth. Compared to the job of the the Zimbabwean Fed chairman,if there is one, Ben Bernanke's job seems like a walk in the park. I still wonder though, what would Ben Bernanke or for that matter any economist do in this case.....
Read more at In Zimbabwe, $1 U.S. now buys $25 million
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment