Official inflation soared to 2.2 million percent in ZimbabweSubmitted by MaCA on Sun, 07/20/2008 - 12:58
I guess we have it good with our low inflation rate. Zimbabwe just started printing 100 BILLION Zimbabwe dollar notes. And they expire Dec 31st. What does that mean?
A 4-pound (2-kilogram) bag of sugar cost about 20 billion Zimbabwe dollars ($1) at the government's fixed price, and 90 billion on the black market ($1 at the black market exchange or $4.50 at the bank exchange rate.)