Zimbabwe inflation hits 176%
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There has been a sharp jump in Zimbabwe's annual inflation figure, statistics agency ZIMSTATS has said.
In the year from June 2018 to June 2019 prices rose on average by 176%. For the 12 months from May 2018 to May 2019 the figure was 98%.
There are concerns that there could be a return to the days when prices spiralled out of control.
The hyperinflation ended in 2009 when Zimbabwe abandoned the use of its own currency - the Zimbabwe dollar - and adopted the US dollar, along with other foreign currencies.
The use of the US dollar has now been outlawed and the country is moving towards a new Zimbabwe dollar.
President Emmerson Mnangagwa came to power in 2017 promising economic change but the country is currently experiencing some severe economic problems.
Source: bbc.com
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In the year from June 2018 to June 2019 prices rose on average by 176%. For the 12 months from May 2018 to May 2019 the figure was 98%.
There are concerns that there could be a return to the days when prices spiralled out of control.
The hyperinflation ended in 2009 when Zimbabwe abandoned the use of its own currency - the Zimbabwe dollar - and adopted the US dollar, along with other foreign currencies.
The use of the US dollar has now been outlawed and the country is moving towards a new Zimbabwe dollar.
President Emmerson Mnangagwa came to power in 2017 promising economic change but the country is currently experiencing some severe economic problems.
Source: bbc.com
Terima kasih karena telah membaca informasi tentang Zimbabwe inflation hits 176% . Silahkan membaca berita lainnya.
Zimbabwe inflation hits 176%
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