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9M% Inflation Crushes Zimbabwe

As cash becomes worthless, citizens face starvation

By Jason Farago,  Newser Staff

Posted Jul 18, 2008 9:56 AM CDT

(Newser) – The political violence that ravaged Zimbabwe has subsided since Robert Mugabe's sham reelection, but another devastation continues unabated: economic meltdown. Zimbabwe's inflation rate has now hit 9 million percent, and a $50-billion Zimbabwean note is worth just 34 cents and falling in American currency. The...   Read full story »

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