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RE: Witnessing the Aftermath of Hyperinflation: Zimbabwe

in #life8 years ago

Rhodesia was a very successful country. It was known as the bread basket of Africa. During the Great African War for independence Rhodesia economy stayed healthy. Independence happen and the first 20 year everything went well. Then current government decided that for some reason white people in his country may not be there - like the Jews under Nazi's. The government started to take the white farms and give it to blacks. The new farmers did not farm- only looted it. Because the Zim economy was driven by agriculture, it did not take long for economic down turn. This lead to money printing and the current hyperinflation.
Apologies for cryptic explanation. Sent from mobile phone.

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Didn't the involvement of Zimbabwe in the Second Congo War play a large part in the government needing to print more money also?

No. Not really. The big reason was that they destroyed their economy and have not build it up again. Zim is the only country so far to experience this level of inflation without being involved in a war.

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