Latest update: 21/08/2008 

- inflation - Morgan Tsvangirai - Robert Mugabe - Zimbabwe


Zimbabwe faces new record inflation
No Flash warning
To take advantage of all the features on FRANCE24.COM, please click here to download the latest version of Flash Player.
The annual inflation rate in Zimbabwe has reached a new peak: over 11 million percent. Prices have multiplied 110,000-fold, a world record.

Related links

Thirty to 40%. That’s the daily rhythm the prices increase in Zimbabwe, where the population suffers the consequences of President Robert Mugabe’s economic policies.

First mistake, according to occidental experts: the 2000 land reform and what it did to the agricultural sector.

To revive the economy, the government has tried to freeze the 2007 prices. As a result, the shops are now empty and the population faces food shortages. Opposition leader Tsvangirai says: “There is no more bread, no more meat, no more milk... and no more basic foods.”

After introducing a 200,000 dollar bill, the Zimbabwean Central Bank has devalued by 10 zeros its currency with one dollar bills to replace 10 billion ones.

Related Content
Close