Zimbabwe: What 200,000% Inflation Means in Real Terms

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robert-mugabe.jpg Zimbabwe goes to the polls Saturday to see if it can manage to democratically oust 28-year despot Robert Mugabe. I say “manage” because Mugabe can’t win a fair election, but he can rig it so that he wins, as he is widely suspected of having done in the past. Opposition candidate Simba Makoni presents a stronger challenge than any Mugabe has seen recently, but suspicions about the election have already been raised.

What makes Zimbabwe unique among the world’s failed states is its inflation: a historic 200,000 percent. Here’s what that means in real life, from Somewhere in Africa, via Andrew Sullivan:

To understand what 200,000 percent inflation means, a journalist friend I was traveling with, N., said that on Friday, he had lunch at a hotel in Harare , where a local beer cost 2 million Zimbabwean dollars (less than $1). He passed by the hotel after work the same day and the same beer was going for more than 4 million.

Earlier this month, the AP reported that $1US was worth 25,000,000 Zimbabwe dollars.

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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