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Inflation in Zimbabwe at 164,900%

by AlvarezGalloso | April 16, 2008 at 12:16 pm | 199 views | 1 comment

According to the Central Statistics Office in Zimbabwe, Inflation rose to 164,900%. The last time I visited the webpage of the Reserve Bank of Zimbabwe on the 5th of April 2008, they published the inflation rate at 100,582.%. According to Bloomberg, One US Dollar is worth 30,000.0000 Zimbabwean Dollars. All of these were today statistics and are subject to change.

SOURCE:

Reuters: "Zimbabwe's Economy in a Freefall"

http://www.reuters.com/article/latestCrisis/idUSL16929629

BBC News: "Zimbabwe Inflation Hits 165,000%"

http://news.bbc.co.uk/2/hi/business/7351086.stm

AlvarezGalloso; Now Public.com: "Zimbabwe and Mugabe: A Personal Reflection"

http://www.nowpublic.com/world/zimbabwe-and-mugabe-personal-reflection

http://www.bloomberg.com/markets/currencies/eurafr_currencies.html

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AlvarezGalloso

The Exchange Rate for the Zimbabwean Dollar as of the 16th of April 2008 was the following:

$1.00 USA = $ZWD 30,000

1 Euro = $ZWD 47,470.50

1 Pound Sterling = $ZWD 58,938.00

REFERENCE:

http://www.rbz.co.zw/currencyexc/Forex_16042008.asp

 

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April 16, 2008 at 12:16 pm by AlvarezGalloso, 199 views, 1 comment

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