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 | Zimbabwe introduces a new 100-billion-dollar bank note as the annual inflation rate hits 2.2 million percent. Posted by Ted Keer on 7/23, 8:27am | |
| From Wikipedia: In February 2007, the central bank of Zimbabwe declared inflation "illegal", outlawing any raise in prices on certain commodities between 1 March and 30 June 2007. Officials have arrested executives of some Zimbabwean companies for increasing prices on their products. Economists generally suspect that such measures will be ineffective at eliminating the problem in the long term." | ||
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