Are we going nuts over India’s inflation touching 11.5%?
Think about a country where the inflation is 2.2 million percent. Yes, that’s right Zimbabwe’s inflation has risen from 165,000% in February to whooping 2.2 million. Can you imagine that.
The prices of goods double or even triple in a day !
Now here is another surprise.. Central bank has introduced a note that reads $100,000,000,000 ($ 100 billion) to cope up with cash shortages in the country.
I do not have picture of 100 billion dollar note, but here is how $ 500 million note looks like.
You know the actual value of that note ?
One 500 million dollar Zimbabwe note is worth mere 2 US dollars :)
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