Beware of robber banks (RB), bad advisors.
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Hyperinflation Returns to Zimbabwe, 70% Interest Rate and 230% Inflation
Hyperinflation in Zimbabwe was a period of currency instability in Zimbabwe that, using Cagan's definition of hyperinflation [50% in a month], began in February 2007. During the height of inflation from 2008 to 2009, it was difficult to measure Zimbabwe's hyperinflation because the government of Zimbabwe stopped filing official inflation statistics. However, Zimbabwe's peak month of inflation is estimated at 79.6 billion percent month-on-month, 89.7 sextillion percent year-on-year in mid-November 2008.
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- Sep 14, 2019 10:26am Sep 14, 2019 10:26am
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
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- Sep 14, 2019 10:27am Sep 14, 2019 10:27am
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
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- Edited 12:16pm Sep 14, 2019 11:14am | Edited 12:16pm
- TudorIoan
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