Posts Tagged ‘zimbabwe’

165,000% Inflation April 16th, 2008

!65,000% is the staggering annual inflation rate experienced in Zimbabwe.  This is up from around 100,000 as of January 2008. Cash is becoming worthless with prices increasing in the time it takes to get to the shops. That is providing they can afford to purchase anything, or indeed there is anything to purchase. (more…)

Tags: , ,
Posted in Economics | No Comments »



  • Selection from Glossary

    • Commitment Fee
      A fee charged by a bank to keep open an unused borrowing facility or line of credit for a customer.