Country's Options

Posted to the web 1 September 2008 Johannesburg A DECADE ago, Zimbabwe's inflation rate was 32% and a year ago it was over 7000%. Now it's supposedly 11,2-million percent, but unofficially anywhere between 20-million and 30-million percent. At these levels, it hardly matters what the figure is precisely. This is a currency whose real value has been utterly destroyed, just as has the Zimbabwean economy. But... [read full story]