Zimbabwe: 2,000,000% Inflation 'highest in the world'

HARARE, Zimbabwe (AP) -- "Official inflation soared to 2.2 million percent in Zimbabwe -- by far the highest in the world -- and has shot as high as 70 million percent in the past year for some basic goods sold on the black market, the state central bank said Thursday".

Woahhhhhhhhhhhh itz finally the highest it's a sad day for Africa

Mr Mugabe, Morgan Tsanguirai, china, Russia, HOLY SHIT! bag of sugar, us currency, $$$$$$, wallstreet FTSE 100, Dow Jones, Nikkei, LSE, Price of Crude Oil Barrel

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• Zimbabwe:
• Inflation
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• in
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• world'
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[ondjima]

oh you asked why it happened- its mugabe and zanu-pf's majorly liberal socialist policies that have caused their downfall. 1- chase off productive business owners (causing loss of jobs and money in economy - they leave, so does their money), ie- mugabe put a limit on how much a farmer can charge for a cow, which is too low to be worth the farmer's time, so they don't sell it, this same deal accross the board causes shortages and high prices.. also sanctions imposed by the rest of the world.

[talkwallstreetdotorg]

real talks maximum price level control never ends up working so why try now? and like you said too liberal needs more structure and discipline and in the right ways to help push forward some chance of a respectable democracy and stable economy

[pmspurs]

Well done!

[talkwallstreetdotorg]

thx

[EuroNoobz]

maybe one day the price of the paper on which the money is printed will exceed the value tht is printed on it.. ? uhhh. is tht proper english??

LOL, maybe tht's the case already. they must have wallets the size of a truck

[talkwallstreetdotorg]

the printing of paper situation is starting to get worse I heard the other day the central bank of Zimbabwe is having major problems with it

[fedepistero06]

@talkwallstreetdotorg want to talk to you about inflation. Here in Argentina was a real problem in 1989.

[fedepistero06]

want to talk to you about inflation. Here in Argentina was a real problem in 1989

[tatomuck18]

WOW!!!

I wanna move to Zimbawe and become a TRILLIONAIRE!!!!

I could be FILTHY RICH in Zimbabwe! Why do TRILLIONAIRES continue to where dirty ripped clothes when they could buy expensive suits and live like kings!

Why do people give money to Zimbabwe as if they are suffering in poverty when they are soo freaking rich! They walk around with HUUGGGEE STACKS of MONEY!!!

[e105b5]

Central banks are private instituitions which print money out of nowhere (as I'm sure you know!) I don't know what else caused this but I'd bet the central bank of Zimbabwe is partly is not mostly to blame.

[KingSolomonUW2004]

I fell asleep mon listening this discussion mon, what does this have to do for Reggae world? It's time for 420, have some kaya and a coke. zzzzzzzzzzzzzzzzzzzz.... This is boring.

[zantesh]

tbh im foreighn and im white.. and honoustly .. all of the fuking farmland was taken away from the white man .. seized even.. and shared among black men and women who did not deserve it.. and dont blame the white farmers.. it was their predecessors that stole the land not them!.. imagine ur home and land being seized and gives to squatters

[kevinlol87]

I'm from the USA, I can fully understand him.

I know he has a heavy english british accent.

Thats good, he speak english...

[fox20012]

Yeah lol, his voice is cute, remides me of ali gi a bit

BTW 5 stars! Keep up this good info!

The US is heading for some major major inflation

[imgonnaeatyounow]

ur sooo cute!!

i dont uderstand a lot about wat r u talking about.. but im coming to zimbabwe with UNICEF... =D

[Luffyone]

"Typical of what we are used to hearing from your kind"??? He didn't even say anything remotely resembling an assertion that it's "whitey's fault", you fucking plebeian!

TYPICAL conceited white filth, always assuming we see you and your kind as a threat. Few people care about/blame the whites. The farms were given to ZANU-PF party members and Mugabe's family members. You are completely clueless.