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11.2 million % inflation! How is Zimbabwe surviving?

September 18, 2008

When did the problem begin?

Soon after the dogs of war were let loose and Zimbabwe took to arms in the war in the Congo in 1998, production levels, investment, education, peace, prosperity, growth. . . everything began to be hit hard.

And then in 2001 came President Robert Mugabe's new orders. The Zimbabwean ruler, just a year after he took charge, and began to seize commercial farms owned by whites. This has caused huge shortages of foodstuffs and commodities in the southern African nation.

Image: A Zimbabwean man counts a big stack of money to buy some bananas in Harare. | Photograph: Alexander Joe/AFP/Getty Images

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