It should come as no surprise that the country with the single worst track-record for hyperinflation since World War II—Zimbabwe, whose local currency depreciated at a rate of 79,600,000,000% a month ...
HARARE, Zimbabwe (AP) — Zimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that has further eroded the country’s unstable currency. The unprecedented move was ...
Zimbabwe will launch a digital currency next month by introducing "tokens" that are backed by gold reserves and can be transferred between people and businesses as a form of payment, the country's ...
(Bloomberg) -- Zimbabwe has suspended payments to government contractors as part of efforts to halt a slump in its currency that’s fueling hyperinflation. The order was sent to government ministries, ...
Twitter founder Jack Dorsey has issued a cryptic warning that "hyperinflation" will "change everything." In typical Dorsey style, the social media CEO tweeted out his comment, saying that "it will ...
Zimbabwe will begin to sell gold coins, dubbed "Mosi-oa-tunya" coins, to rein in sky-high inflation. Zimbabwe's inflation rate hit 192% last month, and its currency has depreciated by more than ...
"Even in the face of current economic and political challenges confronting the economy, the Zimbabwe dollar ought to and must remain the nation's currency, so as to safeguard our ...
Associate Professor of Sociology & Director of the Centre for Data Ethics at the Institute for Intelligent Systems, University of Johannesburg The Zimbabwean economy has continued to experience ...
The development of paper money is key to understanding hyperinflation throughout history Kate Steir When my friend Trish got her first paycheck from her part-time job in high school, it was for ...
Inflation is at record highs, but it's nowhere near hyperinflation levels. Some examples of hyperinflation can be seen in Venezuela, Sri Lanka, and Zimbabwe. Venezuela especially stands out since it ...
We know from the past year that quite a few people inhabit alternate realities that float above the factual landscape like giant, impervious, untethered balloons. One unmoored balloon that’s reached ...
Paul Krugman has now responded to my response to his response to my column about the risk of inflation. Interesting comments also have come from Gregory Mankiw at Harvard, Felix Salmon at Reuters, ...