... The hyperinflation barrier was passed in January this year and there are no words to describe what is taking place now as no country in the world has experienced these proportions before. The OMIR has reached 443 qdrln and valuing the US Dollar has become a worthless exercise. The government, or shall we say the illegitimate government, has no answers and resists every practical opportunity to deal with the emergency simply because it incurs a high political cost. Companies are paying their workers in a variety of tradable commodities as the daily cash withdrawal limit cannot even begin to buy a loaf of bread. (more)
Sunday, November 23, 2008
Zimbabwe Business Watch : Week 47
This is Zimbabwe has this report from the business front in Zimbabwe.