Zimbabwe's Economic Implosion

When inflation gets really bad, it becomes “hyper-inflation.” Yet even that word seems insufficient to describe what’s happening in Zimbabwe. In May 2006, when inflation rates surpassed 1,000 percent, people quipped that the country’s smallest bill, a $500 note, was more cost effective as toilet paper, given that toilet paper was selling for $417—not per roll, but per square (NYT).

By CFR,USA.

Macro Economic Policy Resource.