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  Zimbabwe surviving on beer, cigarettes  New finance minister complained that President Mugabe's government is running on taxes and duties paid on beer and cigarettes 12 zeros removed from currency  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  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 hyperinfla... Hyperinflation forces to print $200m notes  Cash-strapped Zimbabwe revealed plans to circulate $200 million notes, just days after introducing a $100 million bill Zimbabwe replaces $10 trillion banknote
World News World Business (570) Africa (739) Southern Africa (166) Zimbabwe (189) Disasters (28) Politics (169) Crime (25) Sports (14) War & Army (9) Business (24)
Bad Economic News (2) Good Economic News (1) Financial (14) Food (1) Macroeconomics (1) Retail (1) Business Sanctions (1) Oil (1)
2009 (5) 2008 (9) 2007 (8) 2005 (1) 2002 (1)
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Zimbabwe showing signs of recovery
Nestle shuts factory, citing intimidation


year 2009 Top ^

Dec.23
  One of the world's largest food companies has shut down a factory in Zimbabwe after a dispute with the government
Sep.23  
  Food is on store shelves, most teachers have returned to work, the currency has been replaced by foreign bills. But school supplies are scarce

Mar.18  
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   Zimbabwe knocking 10 zeros off currency  Zimbabwe will knock 10 zeros off the hyper-inflated currency next month, making 10 billion dollars one dollar Jul.19 $100 billion banknotes introduced
  Troubled central bank introduced new $100 billion banknotes in a desperate bid to ease the recurrent cash shortages plaguing the economy
Mar.12   Embattled Mugabe boosts workers' pay  President, battling skyrocketing inflation, has announced 'a huge salary increase' for his nation's government workers Mar.9   Mugabe approves new ownership law  President Mugabe has approved legislation giving local owners the right to take a majority share of foreign companies Feb.1   Inflation tops 24,000%, officially  Zimbabwe's central bank has revealed that its annual inflation has climbed to the highest in the world. Independent estimates of 150,000%

year 2007 Top ^

Dec.24 Hours-long lines to get scarce currency
  Thousands of Zimbabweans waited for hours to get currency from the banks so they could buy food and board buses for Christmas trips Sep.5   Flour shortage warning  Zimbabwe's main bread producer Lobels Bread has warned it only has two days' supply of flour Aug.24 Bill to hit foreign firms  The government introduced a bill to give Zimbabweans majority ownership of foreign companies, a move will deepen the economic crisis 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.24   Mugabe vows to save sick economy  President has said at the opening of parliament that strict price controls will continue as Zimbabwe tries to turn around an ailing economy Jul.10   Shelves bare as economic crisis looms  The economy veered closer to the brink with no end in sight to chronic shortages of foods and gasoline Jul.5   Bulk buy ban amid frenzy
  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's currency plunged to new depths as the U.S. ambassador predicted galloping inflation will force Mugabe from office

year 2006 Top ^



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 ^

Nov.1 Mugabe slams oil companies

Zimbabwe, Business Major Events in 21st Century

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12 zeros removed from currency  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  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 hyperinfla... Hyperinflation forces to print $200m notes  Cash-strapped Zimbabwe revealed plans to circulate $200 million notes, just days after introducing a $100 million bill Zimbabwe replaces $10 trillion banknote




Zimbabwe, Business Financial Timeline ... See World Financial timeline Top ^
2009
Feb.2
Jan.10
2008
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 Zimbabwe knocking 10 zeros off currency  Zimbabwe will knock 10 zeros off the hyper-inflated currency next month, making 10 billion dollars one dollar Jul.19 $100 billion banknotes introduced
  Troubled central bank introduced new $100 billion banknotes in a desperate bid to ease the recurrent cash shortages plaguing the economy
Mar.12 Embattled Mugabe boosts workers' pay  President, battling skyrocketing inflation, has announced 'a huge salary increase' for his nation's government workers Feb.1 Inflation tops 24,000%, officially  Zimbabwe's central bank has revealed that its annual inflation has climbed to the highest in the world. Independent estimates of 150,000% 2007 Dec.24 Hours-long lines to get scarce currency
  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
  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's currency plunged to new depths as the U.S. ambassador predicted galloping inflation will force Mugabe from office



Zimbabwe, Business Retail Timeline ... See World Retail timeline Top ^
2007 Jul.10 Shelves bare as economic crisis looms  The economy veered closer to the brink with no end in sight to chronic shortages of foods and gasoline



Zimbabwe, Business Food Timeline ... See World Food timeline Top ^
2007 Sep.5 Flour shortage warning  Zimbabwe's main bread producer Lobels Bread has warned it only has two days' supply of flour



Zimbabwe, Business Business Sanctions Timeline ... See World Business Sanctions timeline Top ^
2005 Sep.8   IMF to debate Zimbabwe expulsion  International Monetary Fund officials meet to decide whether to expel Zimbabwe because of unpaid debts



Zimbabwe, Business Good Economic News Timeline ... See World Good Economic News timeline Top ^
2009 Sep.23 Zimbabwe showing signs of recovery
  Food is on store shelves, most teachers have returned to work, the currency has been replaced by foreign bills. But school supplies are scarce




Zimbabwe, Business Macroeconomics Timeline ... See World Macroeconomics timeline Top ^
2007 Jul.24   Mugabe vows to save sick economy  President has said at the opening of parliament that strict price controls will continue as Zimbabwe tries to turn around an ailing economy



Zimbabwe, Business Oil Timeline ... See World Oil timeline Top ^
2002 Nov.1 Mugabe slams oil companies



Zimbabwe, Business Bad Economic News Timeline ... See World Bad Economic News timeline Top ^
2009 Dec.23 Nestle shuts factory, citing intimidation
  One of the world's largest food companies has shut down a factory in Zimbabwe after a dispute with the government
Mar.18   Zimbabwe surviving on beer, cigarettes  New finance minister complained that President Mugabe's government is running on taxes and duties paid on beer and cigarettes