Here We Go Again: Zimbabwe Printing New Currency Amid StressMark Melin
Is Zimbabwe printing a new currency akin to buying homeowner's insurance as the house fire is raging?
The country best known in financial circles for hyperinflation is Zimbabwe. In February 2007 inflation, driven by a near worthless fiat currency, exceeded 50% per month, or 12,875% per year, Cato Institute Senior Fellow Steven Hanke noted. The country famously once erased 12 zeros from its beleaguered currency during this period, when the denomination was the $100 trillion dollar bill, and is . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible