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.

DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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