Deals from Amazon

Saturday, January 17, 2009

Inflation at 89.7 sextillion percent

First of all I have to admit, I had never heard of the number sextillion. For starters this is a number which is 22 digits long. Comprehending a number which is 22 digits long is not easy. Now think about that in inflation terms, and it just boggles your mind.

So where in the world does this hyperinflation exist. If you guessed Zimbabwe, you are correct. Don't expect any prizes for getting this one right.

Now the questions is, how could a country which until a decade ago represented the symbol of political and economic stability in Africa, descend to such depths of economic chaos? Please pen your thoughts.

Read more about Zimbabwe's hyperinflation

I have also blogged during the last year on the economic crisis in Zimbabwe. You can check these posts at Zimbabwe's inflation problem

No comments:

Post a Comment