Hyper Inflation in Zimbabwe-Mansoor Hussien

Zimbabwe hyperinflation begins shortly after Zimbabwe civil war and confiscation of white-owned farmland.

You can see in the table above each year the inflation rate is increasing the biggest increase was in 2008 which had led to abandonment of the currency. In January 2009 finance minister Patrick Chinamasa that Zimbabweans will be allowed to conduct business in other currencies alongside with Zimbabwe dollar in effort to steam country’s runaway inflation. The economic situation of the country is getting worse and about 7 million Zimbabweans are needed of food and aid.

Because of the hyperinflation Zimbabwe printed new notes ten million dollar, fifty million dollar and fifty billion dollar, because 100 US dollar cost Z$36,190 that lot of money. As can see in the picture above child caring Zimbabwe money, the money he is caring can only buy about 2 breads and milk. That why Zimbabwe printed new notes because the value is decreasing in about every 24 hours and so Zimbabweans carry fewer papers notes.

Zimbabwe population is about 12,619,600 and their unemployment Rate is about 94%. The hyperinflation affected a lot of people and make money business to shut down because the value of the currency decreasing but the value of the products remain the same and customers cannot afford to buy it which lead the shop owner to shut down.

this a video about The Zimbabwean Trillion Dollar campaign