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The Republic of Zimbabwe, a landlocked country in southern Africa, became an independent state on April 18, 1980. Zimbabwe was originally known as Rhodesia until 1980, after Cecil Rhodes, who established a British colony in the region.
Zimbabwe had experienced severe hyperinflation, but since 2009, when the US dollar and South African rand were replaced with the national currency, inflation has gradually stabilized.
Zimbabwe is a country with more developed industries in Africa, with manufacturing, agriculture and mining as the three pillars of the economy. The country is rich in natural resources and has a good industrial and agricultural foundation.
Since the election controversy in March 2008, Zimbabwe's economy has continued to decline and its fiscal situation has deteriorated. Due to a lack of funding, the public service system was paralyzed for a time. The total budget of Zimbabwe in 2009 was US$1 billion, and the financial situation has improved since the establishment of the joint **.
At the end of 2012, Zimbabwe's total external debt was approximately US$8.8 billion.
Zimbabwe is experiencing hyperinflation, and Zimbabwe** Mugabe has accused the developed countries of the West of imposing economic sanctions on Zimbabwe, including the freezing of aid loans and the freezing of Zimbabwe's deposits and assets in the West, which are the main cause of the economic crisis. Mugabe's opponents argue that Mugabe's land reforms, poor control, and the AIDS epidemic are the main causes of the current economic crisis, and that Zimbabwe is facing its worst humanitarian crisis since independence.
Since the second half of 2009, the economy has begun to improve, and Zimbabwe** announced that it will remove 14 zeros after 100 trillionChanged to $1.
In 2011, it was rated as the country with the highest inflation in the world.
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Germany after World War I. post-World War I hyperinflation; World War II and post-war inflation; After the reunification of Germany in the early 90s of the 20th century, the economy began to fall into depression in the second quarter of 1992, and at the same time, the amount of money increased sharply, and inflation broke out again.
Before the First World War, the amount of German currency** was only about 6 billion marks, but by the time the war was declared on November 17, 1918, it had increased to 28.4 billion marks, which was equivalent to 473 before the First World War, that is, it doubled. The smoke of the First World War faded away, and inflation in Germany did not end with the end of the war, but on the contrary, there was a surge of development after the war, and finally fell into the abyss of hyperinflation.
In two years, from the beginning of 1922 to the end of 1923, the amount of money issued in Germany rose to astronomical figures, and at the end of 1923, the total amount of money in circulation in Germany was equivalent to 128 billion times that of the pre-war period.
By the time of the armistice in November 1918, prices in Germany were 117 higher than they had been in 1913.** After the war, the rate of prices** accelerated, and the following year prices ** increased by 247%, which was double the total increase during the four-year war. A year later, it rose about 11 times. In November l921, prices began to climb wildly, and in 1922 the wholesale price index was 45,205, 448 times that of l913.
After 1922, the spiral began to accelerate, and by the end of 1923, the price index had reached about 1,432 trillion yuan, more than 100 million times the pre-war price index. In the five years after the war, prices increased by 6.6 billion times.
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China, in 1949, the national ** defeated and retreated to Taiwan, indiscriminately issued fiat currency, and citizens needed to tie up several bundles of banknotes with ropes to buy foreign fire, and use cars to carry them away.
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The world's worst inflation! How worthless is the money in this country!
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The world's worst inflation! The country's money is not worth much.
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Zimbabwe: 100 trillion is only 8 yuan.
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The country with the highest inflation is Zimbabwe.
The country has been printing a billion dollars in currency since 2007, but that money is just enough to buy a few eggs. In August 2008**, it was decided to let the bank subtract 10 zeros from the end of the currency. Because these zeros have no effect.
After 6 months, they removed 6 zeros, but added 12 new zeros. Inflation of 87 percent is seven-square, which means that prices will double every day. For example, if an apple sells for $1 on Monday, it will sell for $64 on Sunday.
The same apple sells for $1 million a month. The largest ** banks released currencies with denominations of up to $100 trillion in 2009.
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A tea egg costs hundreds of millions of dollars, how can people live.
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1. Almost every country's central bank has encountered N times of inflation, and the list is endless.
In 1980, the United States suffered from high inflation and economic stagnation due to the oversupply of funds created by the gold standard established by the Bretton Woods system, and in 1980, the bold anti-inflation measures of Federal Reserve Chairman Paul Volcker brought about several years of high unemployment.
3. Since the reform and opening up, China has experienced three relatively serious inflations, which occurred in 1980, 1988 and 1994. China's CPI year-on-year growth fell to June 2012"2 times", and hit a two-and-a-half-year low, while the year-on-year PPI was negative for the fourth consecutive month. The central bank's regulation is becoming more mature, and inflation continues to fall, providing more room for easing monetary policy, which also explains why the People's Bank of China cut interest rates twice in just one month.
Inflation in China was a common occurrence in ancient times, and once a war broke out, the inflation phenomenon was very serious. The currency of the previous monarch will soon become unusable.
The Zhou Dynasty, which lasted 810 years, from 1066 BC to 256 BC, was the longest dynasty in Chinese history. During this period, it was divided into the Western Zhou Dynasty and the Eastern Zhou Dynasty, and historians often divided the Eastern Zhou Dynasty into two periods: the Spring and Autumn Period and the Warring States Period.
The inflationary cycle in our country.
Under the conditions of a market economy, the fluctuations in the price level include inflation and deflation, and have the regularity of cyclical changes. That is to say, there is an objective cycle of price level fluctuations in the operation of the economy, or there is an inflation cycle and a deflationary cycle. Looking at the chart on the right, we can clearly see the regularity of the fluctuation of the price level in our country since 1978. >>>More
In 1990, Iraq invaded Kuwait, because Kuwait unilaterally negotiated oil prices with the West behind OPEC, and was jealous of Saddam Hussein (Lao Sa thought that the Kuwaiti royal family was spineless), and then Lao Sa decided to send a representative to "nag" with Kuwait, but the talks broke down again, so Lao Sa ordered the Iraqi army to ......(Everyone knows what will happen in the future, and I don't need to say more).
Mongol Empire: The Mongol Empire was a large territory of 33 million square kilometers (12.7 million square miles), accounting for 22% of the world's land area, more than one-fifth, twice the size of the Soviet Union in the 20th century, and twice the size of present-day Russia, including the 100 million people in the territory at that time. It is one of the largest empires and states in the world in history. >>>More