Skip Nav

Zimbabwe Faces 50 Million Percent Inflation, Uses Gasoline Coupons For Currency

Click to Read

Zimbabwe Faces 50 Million Percent Inflation, Uses Gasoline Coupons For Currency Reeling from the highest inflation rate in the world, barred by the government from using US dollars for purchases, Zimbabweans turned to a new money source Wednesday: gasoline coupons. The move reflected the complete chaos of Zimbabwe's financial system, where prices are openly quoted in the American currency, in Zimbabwe's own new currency that came out Friday, and in its old denominations, which have 10 more zeros than the new bills.

0 Comments
Latest

Download our new Selfie app!

+