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Thursday, November 13, 2008

Africa Current Event 2

Link to the news event -
http://edition.cnn.com/2008/WORLD/africa/11/03/zimbabwe.money/index.html


This current event is related to our region in Southern Africa, because Zumbabwe is one of the countries in southern part of Africa. They just made a new currency note of Z$1 million note, due to the affect of hyperinflation. Zimbabwe has the highest rate of inflation which is 230 million percent. and it is hard for people to buy things, because everyday the value of Zimbabwe dollars go down, so the prize of the products go up everyday. It is going to affect Zimbabwe economically.

Posted by HunGyu at 7:35 AM  

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