Zimbabwe: Price Rises of 900%

"How bad is inflation in Zimbabwe? Well, consider this: at a supermarket near the center of this tatterdemalion capital, toilet paper costs $417.

No, not per roll. Four hundred seventeen Zimbabwean dollars is the value of a single two-ply sheet. A roll costs $145,750 — in American currency, about 69 cents.

The price of toilet paper, like everything else here, soars almost daily, spawning jokes about an impending better use for Zimbabwe's $500 bill, now the smallest in circulation."

It is no exaggeration that Zimbabwe is a disaster in so many ways. Despite that the world has done virtually little to address the myriad of issues in the country. It wouldn't have something to do with the fact that Zimbabwe doesn't have oil or valuable minerals would it?

Leaving aside the cynicism, read the full article in the NYT [here] about "life" in Zimbabwe.

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