លុយ

អតិផរណាគឺជាអ្វី? What is inflation?

 

In Zimbabwe,

  1. The president made a policy white people must return their land and assets by force.
  2. All foreigners gone, the country was closed
  3. Local people had no skills for agriculture, plus draught happened, resulting shortage of food production
  4. No food, so the price for food got very expensive
  5. No money, so banks printed lots of money
  6. President made a law all sellers had to sell cheap. Many lost jobs. Still no goods
  7. Money lost value. This is not the end
  8. People started to commit crimes like robbing, police didn’t work, became dangerous
  9. Almost no value on local currency so it was banned to use it in 2015 and instead USD or South African Rand are used today.

Exchange rate for 1 USD was 35,000,000,000,000,000 Zimbabwe dollars in 2015.