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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And the stakes are high. Democracy is on the defense. We’ve been exposing corruption and scandal for five decades, and this is a pivotal moment in our country’s history. Will democracy prevail? We won’t wait for time to tell—independent journalism is essential for democracy, and we’ll keep doing our part to amplify the free press.

So, we’re asking: Will you join the fight? Mother Jones has been here for 50 years, and we need your support to fuel the future of investigative journalism. Mark our 50th anniversary with a gift of any amount.

This is how change happens.

One story at a time.

This investigative reporting takes time too. Months of research. Weeks of writing, editing, and fact checking—and putting together the photography, art, video, and audio that tell the stories in a new way, illuminating new perspectives and voices.

We can afford to take our time because we don’t report to oligarchs or corporations. We report to you, and for you.

And the stakes are high. Democracy is on the defense. We’ve been exposing corruption and scandal for five decades, and this is a pivotal moment in our country’s history. Will democracy prevail? We won’t wait for time to tell—independent journalism is essential for democracy, and we’ll keep doing our part to amplify the free press.

So, we’re asking: Will you join the fight? Mother Jones has been here for 50 years, and we need your support to fuel the future of investigative journalism. Mark our 50th anniversary with a gift of any amount.

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