Friday, June 26, 2009

Zimbabwe

Zimbabwe's inflation rate reach 230 million percent in July 2008. Shortly after, Zimbabwe quit issuing the inflation rate. A Z100 billion note was issued. It could barely buy a loaf of bread. A Z100 trillion note followed. Zimbabwe abandoned its currency in January 2009 and is allowing currencies from other countries to be used.
Zimbabwe's service sector accounts for 59 percent of Zimbabwe's GDP. The most important parts of the service sector are tourism, education, and public services.

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