Tue. Oct 22nd, 2019

Timor Invest

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The return of hyperinflation in Zimbabwe

1 min read

Mises Institute/Pavel Mordasov/10-9-2019

“It has been over a decade since Zimbabwe was ravished by one of history’s worst experiences in hyperinflation, reaching 79,600,000,000 percent as prices doubled approximately every 24.7 hours in November of 2008. Today under new leadership, it seems as though the government of Zimbabwe has failed to learn from its previous mistakes in what policy to ascribe to as it enters into another period of tumultuous times and economic hardship for its citizens as hyperinflation has entered the picture again.”

USAGOLD note:  The price of wheelbarrows in Harare is reportedly on the rise . . . .

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