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EDHS Contemporary World Affairs -> Discussion Topics, Week Fourteen -> Zimbabwean Inflation out of control {Kodies}
Post Info TOPIC: Zimbabwean Inflation out of control {Kodies}
What Should be done? [12 vote(s)]

Start from Scratch Create New Economy, New Currency
66.7%
Keep Trying to make BIGGER bills
0.0%
Forget Money go back to fur Trading
8.3%
No Idea
25.0%
KSF{Kodies}


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Zimbabwean Inflation out of control {Kodies}
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On Saturday, December 6th 2008, the cash-strapped nation of Zimbabwe revealed plans to circulate a $200 million dollar bill. This is days after the circulation of the $100 million dollar bill. This decision by Finance Minister Samuel Mumbengegui came just after the price of a loaf of bread went from $2 million to $35 million. The once prosperous nation is now facing a hyperinflation rate of 231 million percent. There have been allegations of illegal foreign currency trading and the government has fired four top executives at major banks. This inflation just adds to their need for humanitarian help and Cholera outbreak.

How can their inflation be helped?
What can other nations do to aid? should they step in?
Does the nation need humanitarian help?
What are your thoughts?
Zimbabwe central bank governor Gideon Gono shows a new $50 million note Thursday.EphraimNsingoa310308Edited.jpg

http://www.cnn.com/2008/WORLD/africa/12/06/zimbabwe.currency/index.html

-- Edited by KSF{Kodies} at 18:55, 2008-12-09

-- Edited by KSF{Kodies} at 19:05, 2008-12-09

-- Edited by KSF{Kodies} at 19:07, 2008-12-09

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Kody
Zach_V


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The $100 million dollar bill didn't do any good so I don't see what the $200 million dollar bill is going to do. Their hyperinflation seems completely hopeless. They need to start over and create a new economic system with new currency.

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krea


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this is just out of hand i cant believe its even like that. i am shocked i had no idea

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kaaatie rea
kb


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How do you even create change for that?

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jessmontano


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i agree with zach. i think that they need to start all over but i dont know if they can just start over.

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jesss.
rtheisen


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there isn't a whole lot that they can do. it's too bad, I hope the US never has to experience anything like this.

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Flanny


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It's crazy that the ground in many cities is just littered with money because it is so worthless... i can't even imagine.

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Danika


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krea wrote:

this is just out of hand i cant believe its even like that. i am shocked i had no idea


really? cuz psychedelic did a story on this too. it's even worse now, but it was still pretty bad then.



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