Thursday, November 29, 2007

The Most Surreal Country on Earth? Part 2

Back in August, I referred to inflation in Zimbabwe, which was at risk of hitting 100,000% by the end of the year. Now it looks like they might fall short. But no one knows for sure. From The Economist's weekly politics update:

Zimbabwe's chief statistician said that he can no longer work out the country's inflation rate because there are not enough goods left in the shops to count. In September inflation was reckoned to be almost 8,000%.
Prices can't go up if you've nothing left to sell. Now there's a novel - or should we say surreal? - approach to battling inflation.
(Photo: Zimbabwe President Robert Mugabe)

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