Category Archives: People
Economic crisis in Zimbabwe has begun in 2000 when its president Mugabe expelled the foreigners from the country and all their possessions, soil and manufacture have been given to local population.
The whole agrarian sector was destroyed. Various sanctions were introduced against this country. All these factors have provoked the deep inflation.
This year inflation has broken all the records and came to 231 million percent a year. Do you imagine this figure? 231 000 000 % a year! The level of unemployment has come to 80 % that has made the third of population leave the country.
Now let’s see rare photos demonstrating this economic horror.
Here is the beggar who got a trifle last year in December. These are notes in 200 000 Zimbabwe dollars. Little millionaire, isn’t he?
One such banknote is equal to 10 cents. The official rate is much higher, but nobody changes.
On December, 22nd the note in 500 000 Zimbabwe dollars has appeared.
The next was 750 000.
In January there was one more note in 10 million.
Here is the multi-millionaire.
This note in 10 dollars costs in 10 times more than note in 10 000 000 Zimbabwe dollars.
And that is February. Now beggars are not given simple 200 000 notes, they get the whole packs of 200-thousand banknotes.
Here is the local billionaire. He has got 65 billion Zimbabwe dollars in his small suitcase. Just imagine, that is only 2000 American dollars! It was in March.
The man goes to a supermarket. The exchange rate is 25 000 000 Zimbabwe dollars for one American dollar.
This pack is equal to 100 dollars.
In April the government decided to break all the records and issued 50 million dollars note.
But the inflation didn’t stop. Then in May the 250 million note was issued.
These are shops prices. You must pay almost 3 billion for a T-short or trousers.
At the end of May the 500 million note was issued.
But the time doesn’t stay and notes in 25 and 50 billion are appeared in June.
In July there has already been the 100 billion note!
What can you buy for this money? Probably it can be three eggs.
Soon people have begun to go to restaurants with such packs…
And received such bills there..
Because of these cash heaps there was no free place in houses.
In August the government made a decision to issue new notes, this time without ten zeroes as it was with old ones.
But they have forgotten about inflation again. In September it was possible to buy 4 tomatoes for this money.
And for such loaf of bread…
The government didn’t stop and in September the 20 000 dollars note was issued again.
50 thousand has appeared two weeks ago. It is not excluded turning Zimbabwe to billions again till the end of the year.
And now let’s see true face of this crisis.
Zimbabwe is the unique country in the world where the largest note is 50 000, and the roll of the cheapest toilet paper costs 100 000.
If you take 100 000 Zimbabwe dollars and change them for the smallest 5 dollars notes you’ll get 20 000 notes. A roll of a toilet paper has 72 pieces.
It turns out, that using money instead of toilet paper is in 278 times more favourably, than buying this paper. The cheapest toilet paper in Zimbabwe is the same unpleasant, as these notes.
That is the real crisis!