A news about extreme inflation in Zimbabwe is unbelievable. The reserve bank had to print up to one hundred trillion (100,000,000,000,000) dollar note in 2008. Instability in political situation and inability to cope the situation, reserve bank put much effort on printing the notes rather than solving such dire state. This news mentions an incidence of rise in price of a bread from 2 million dollar to 25million dollar in a day. This has benefited the debtors who have taken loan from bank. Many of the debtors cleared their loans taking advantage of this situation whereas Bank fall in trouble.
2 comments:
it made me to think about nepal. The trend of price hike is very getting very scary. huh !!!
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