Saturday, July 19, 2008

Zimbabwe, the country of "millionaires"

Zimbabwe's inflation rate hits 2.2 million percent

"A 4-pound bag of sugar cost about 20 billion Zimbabwe dollars — $1 — at the government's fixed price, and 90 billion on the black market $4.50 at the bank exchange rate, or $1 at the black market exchange — in a country where unskilled workers earn up to 200 billion Zimbabwean dollars, about $10, a month.

However, few have jobs: unemployment has reached 80 percent."

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