Sunday, January 20, 2008

Inflation in Zimbabwe hits 150,000%

The International Monetary Fund has estimated inflation in Zimbabwe has hit 150,000 Percent.

The last time inflation this bad was seen in the world was during the Weimar Republic in Germany in the 1920's. The IMF blames Zimbabwe's financial policies for the runaway inflation, including their policy of meeting inflation by simply printing more money. Zimbabwe is now printing five and ten million (Zimbabwe) dollar notes.

It makes you wonder when does it stop being money and start becoming just really fancy toilet paper?
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