We cried at 7%, then 12% , now still crying at 11% inflation , because we like to cry...
Imagine 11 million % inflation.........
Yes.. Zimbabwe(wahi cricket wali team jisse 99 world cup mein match tie hua tha, orange dress wale) , ZIMBABWE is a country with 11million percent inflation...
Prices change every minute, people are in a worry...
In Zimbabwe, inflation was at 625 per cent in early 2004. In March 2007, it jumped to 1,700 per cent . By June 2007, inflation had shot up to 11,000 per cent. In July 2008, inflation skyrocketed to 2.2 million per cent.
And now in September 2008, inflation has reached uncharted area at 11.2 million per cent!
Tourism, agriculture and mineral exports are the cornerstones of the Zimbabwean economy. These sectors are also the nation's biggest foreign exchange earners.Zimbabwe has some major tourist attractions, like the Victoria Falls, et cetera.
We, In India , always like to shout on minutest things, imagine the life there..
Zimbabwe's political crisis has worsened ever since President Robert Mugabe claimed victory in a 'no contest' election as Morgan Tsvangirai, leader of Zimbabwe's main opposition party Movement for Democratic Change Morgan Tsvangirai, boycotted the polls in protest against violence against his party. Mugabe has also been accused of massive violations of human rights, and many of the cricket-playing nations star players have quit the country to settle down in other nations.
As soon as Zimbabwe demonstrates some political stability and the rival parties come to some agreement, the International Monetary Fund will help it with policies to stabilise the economy, improve social conditions and reduce poverty.
The IMF Managing Director Dominique Strauss-Kahn has urged the Zimbabwean government to take steps to show clear commitment to a new policy direction and to seek the support of the international community.
The IMF has, however, said that the country's leaders must first make clear commitments to rescue the economy.
With political stability, Zimbabwe can look forward to foreign investment coming into its various sectors, a rise in production and jobs, better education leading to better manpower, improved life spans, and better times.
Although it might take a while, economic conditions in Zimbabwe can become better.