40 million percent inflation
The official annualized rate of inflation in Zimbabwe in June was 11.2 million percent.
Zimbabweans' solution? Use gas coupons as currency.
"The actual figure could be high as 40 million percent in June," said independent economist John Robertson.
"The actual figure for July could be as high as 300 million percent, while for August it could be 600 million percent," he added.
Zimbabweans' solution? Use gas coupons as currency.
Labels: inflation, mugabenomics, Zimbabwe
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