A former classmate boasted in a reunion because he is a millionaire. He worked in an African country
and earned in their currency millions
Of note is Zimbabwe whose currency is in trillions. Because of fiscal mismanagement, there is a a 23 million % hyper inflation. and solid currencies are beginning to be used. Use of dollar pound has resulted in 0 inflation and even deflation.
A trillion currency is worth $0.40.
Can you believe? Worthless currency at Zimbabwe
Cause of Zimbabwe's hyperinflation.
The cause of Zimbabwe's hyperinflation was attributed to numerous economic shocks. The national government increased the money supply in response to rising national debt, there were significant declines in economic output and exports, and political corruption was coupled with a fundamentally weak economy.Dec 7, 2022
