Product Description
SCWPM.#103 - TBB.#B194a - Date: 2020Grade: Unc. - Signature: 6 - Prefix: AL
Description: Colour: Red. Front: English text; Chiremba balancing rocks in Epworth; Zimbabwe bird on star as registration device. - Back: English text; Zimbabwe bird on star; New Reserve Bank Tower, Harare, Zimbabwe; Cape buffalo.
Windowed security thread with demetalized RBZ 10.
Watermark: Zimbabwe bird and vertical RBZ 10 electrotype.
Printer: (Giesecke & Devrient). - Size: 155 x 66 mm.
Material: Composite (Hybrid)
Hyperinflationin Zimbabwe
The impact of hyperinflation in Zimbabwe, a country blighted by currency instability and immense economic problems for more than 15 years now.
In 2008, hyperinflation in Zimbabwe peaked at an estimated 500 billion percent. It currently stands at around 176%, while all forecasts for the country paint a picture of doom and gloom with no real prospects of a turnaround on the horizon.
In these trying times, street vendors and informal markets have become a panacea for the crippling crises, largely because they have shunned the Zimbabwean dollar, which lost more than three-quarters of its value between January and early June. It currently trades at around 5,500 for one US dollar.
According to the UNDP, Zimbabwe already has the world’s second-biggest urban informal economy, with more than 60% of the population depending on informal activities to generate income.
