Notices

Zim inflation tops 1,000%

Reply

May 13th, 2006, 04:17 PM
  #1
Original Poster
 
Join Date: Jun 2005
Posts: 300
Zim inflation tops 1,000%

I know there are several threads regarding Zim's woes, but I thought some of you might be interested in some current facts...

Zimbabwe's annual inflation rate now exceeds 1,000% for the first time (for the 12 months ended Apr06, it was 1,043%).

The cheapest candy costs 57,000 ZWD per pack and a loaf of bread 100,000 ZWD. The largest-denom note is 50,000 ZWD, so people have to carry bags of money to the shops.

Toilet paper is 125,000 ZWD per roll - the joke is that it may be cheaper to use 500-dollar notes rather than the TP.

The poverty datum line (absolute minimum consumption needs) for an average family of five reached 37 million ZWD (~$365) per month (at government's exchange rate), but only $148 on the black market.

For those interested in the full article, go to the WSJ online (paid membership only, but you can sign up for 2 weeks free membership) here: http://online.wsj.com/

James
jweis is offline  
Reply With Quote
May 14th, 2006, 09:06 AM
  #2
 
Join Date: Jan 2006
Posts: 37
An excellent post James.
But how are we as a democratic society going to stop these people. There was another post today about the Massai and their woes about not getting their fare share of income.
I WONDER!!
Gizzy is offline  
Reply With Quote
 



Thread Tools
Search this Thread
Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On



All times are GMT -8. The time now is 05:57 PM.