blogs  
 
yournews
   
 
Video Photos Finance Travel Weather Discussion TV Shows
| |
 
  Home ›
 
Business News

 

Zimbabwe inflation hits 2.2 million percent
Posted: 16 July 2008 2319 hrs

  A Zimbabwean man holds up five hundred million dollar notes
 
Photos  of

   
 



HARARE : Zimbabwe's annual rate of inflation has hit a new record high of 2.2 million percent, the central bank's governor Gideon Gono said on Wednesday.

"Statistics provided by the CSO (central statistical office) indicate that it is now at 2.2 (million percent)," Gono said in a speech in Harare.

The figure is the first from the authorities in Zimbabwe since the announcement of the rate for February, when it was put at around 165,000 percent.

- AFP /ls

 


Other business News
Eurozone sets conditions for Greek bailout
Banks agree US$25b deal for US homeowners
China releases Jan trade data
Flights back to normal Friday after strike: Air France
M'sia trade expected to grow at slower pace
US stocks gain on Greece, bank mortgage deal
Euro edges up as Greece inks reform deal
Oil prices rise on Greek deal
Eurozone stalls Greek cash aid pending new conditions
China says January exports expected to have dropped
Greece says agreement reached on austerity measures: ECB
ECB holds key interest rate steady at 1.0%
OPEC cuts 2012 oil demand forecast
China's January inflation hits 3-month high
Spain's economy to worsen in Q1
Indonesia cuts interest rate to record low
Malaysia sees record trade in 2011
Rio Tinto earnings down 59% on aluminium write-down
Asia stocks mixed on Greek fears, China inflation
China's Alibaba raising US$3b for Yahoo! stake

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions