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World News   Southern Africa   Business   Financial (15)
Southern Africa, Financial Timeline Saturday, March 20 Bookmark and Share     Author
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Embattled Mugabe boosts workers' pay  Zimbabwe: President, battling skyrocketing inflation, has announced 'a huge salary increase' for his nation's government workers Inflation tops 24,000%, officially  Zimbabwe: Zimbabwe's central bank has revealed that its annual inflation has climbed to the highest in the world. Independent estimates of 150,000% Hours-long lines to get scarce currency
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Currency (9)
2009 (2) 2008 (8) 2007 (4) 2002 (1)
   Zimbabwe (16)
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Zimbabwe knocking 10 zeros off currency  Zimbabwe will knock 10 zeros off the hyper-inflated currency next month, making 10 billion dollars one dollar $100 billion banknotes introduced
12 zeros removed from currency  Zimbabwe: Zimbabwe slashed 12 zeros from its currency as hyperinflation continued to erode its value Zimbabwe introduces new $50 billion note  The central bank will introduce a $50 billion note, enough to buy 2 loaves of bread, as a way of fighting cash shortages amid spiraling inflation New $10B note buys bread  Zimbabwe: The central bank introduced a $10 billion note worth less than U.S. $20s, as the once-prosperous nation battles against hyperinflation Zimbabwe introduces $500 million note  The central bank is introducing the highest current denomination as the once-prosperous southern nation battles against spiraling hyperinflation Hyperinflation forces to print $200m notes  Zimbabwe: Cash-strapped Zimbabwe revealed plans to circulate $200 million notes, just days after introducing a $100 million bill Zimbabwe replaces $10 trillion banknote


year 2009 Top ^

Feb.2
Jan.10


year 2008 Top ^

Dec.19
Dec.12
Dec.6
Sep.17
  The Reserve Bank of Zimbabwe has introduced a $1,000 note, $10 trillion in the old value, as the country battles to end cash shortages
Jul.30
Jul.19
  Zimbabwe: Troubled central bank introduced new $100 billion banknotes in a desperate bid to ease the recurrent cash shortages plaguing the economy

Mar.12
Feb.1


year 2007 Top ^

Dec.24
  Zimbabwe: Thousands of Zimbabweans waited for hours to get currency from the banks so they could buy food and board buses for Christmas trips
Jul.31 New inflation warning for Zimbabwe  The IMF said on Tuesday that year-on-year inflation rate could reach over 100,000% by the end of the year Jul.5 Bulk buy ban amid frenzy
  Zimbabwe: Authorities ordered businesses to stop selling basic goods in bulk to avert shortages after an price freeze triggered a frenzied buying spree
Jun.22   Mugabe faces pressure on currency
  Zimbabwe: Zimbabwe's currency plunged to new depths as the U.S. ambassador predicted galloping inflation will force Mugabe from office


year 2005 Top ^

Sep.8   IMF to debate Zimbabwe expulsion  International Monetary Fund officials meet to decide whether to expel Zimbabwe because of unpaid debts

year 2002 Top ^

Aug.7   $34m EU aid package  Zimbabwe: Aid package is for famine-stricken Zimbabwe. EU is warning Mugabe against interfering with its distribution
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