Zimbabwe inflation rate soars to 175%
Zimbabwe in 2016 began issuing "bond notes", a parallel currency meant to be equivalent to the US dollar, when there was a shortage of cash circulating in the country (AFP Photo/Wilfred Kajese)/ Harare (AFP) - Zimbabwe's annual inflation rate hit 175 percent in June, official data showed Monday, stoking fears of a return of the hyperinflation that wiped out savings ten years ago when the economy collapsed. Official inflation is the highest since hyperinflation forced the government to abandon the Zimbabwe dollar in 2009. Supplies of ...
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