Thursday, July 17, 2008

Inflation :: Off the Charts

Zimbabwe's problems aren't over. In the aftermath of a horrific Presidential race and elections, now the people of Zimbabwe are facing inflation, at a world-record high, even exceeding 20 million percent. For example, for 1 US dollar, you can buy a 4 pound bag of sugar; that is 20 billion Zimbabwe dollars. 20 BILLION. On the black market in the country, the same bag of sugar will sell for 90 billion Zimbabwean dollars, which equals $4.50 in America. Unskilled workers (which most with jobs are considered) make up to 200 billion Zimbabwean dollars annually. That is only 10 US dollars. TEN. per month. And those are the lucky few, who actually have jobs. 80 percent of the country is unemployed. Gas prices are also effecting the people of Zimbabwe. Because the bus fare usually exceed monthly earnings for a single person, that is more than 200 billion Zimbabwe dollars for ONE person to ride the bus; most people walk to where they need to be.
You'd think the world could step in and help.

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