Zimbabwe's currency devaluation began at the end of 2006. The reasons for depreciation are complex and diverse, mainly due to sanctions from western countries, shortage of foreign exchange and ineffective domestic policies. But it was slow. When I arrived in September 2007, it was 500 million Zimbabwe dollars = 1 000 dollars. In 2008, due to the political crisis, the depreciation rate accelerated, and it rose to 1 000 USD in August 2008. The government deleted 65,438+00 zeros from the currency. At this time,10 billion = 10 Singapore dollar. By June 2009, it rose from 10 yuan to 100 trillion yuan. Zimbabwe just deleted 12 zeros, so it started to add them again.

Ha ha, although the government is so poor, but their officials are super rich, driving a BMW Mercedes-Benz, to China to purchase goods.