Zimbabwe’s hyperinflation

[peteritto]

I´ve found article: FREAK Shots: When Money Goes Down the Toilet - Freakonomics Blog - NYTimes.com (http://freakonomics.blogs.nytimes.com/2008/12/18/freak-shots-when-money-goes-down-the-toilet/). What do you think about it? Have any country so high inflation like Zimbabwe? (in past for example). Have you got any others articles, or studies etc.

Peter

[sagarjv]

Hi

Following are some important facts about Zimbabwe in 1997:

a. The largest exporter of tobacco in the world after the USA.
b. The sixth largest producer of gold.
c. The biggest market for South Africa in Africa.
d. The second largest economy in the region and with the third highest GDP per capita.
e. Life expectancy was about 60 years and we had a literacy rate of 85 per cent with 95 per cent of all children of school going age in school.
f. Inflation was 12 per cent.
g. The exchange rate was 12 to 1 against the US dollar.

Rgds
Sagar