NationStates Jolt Archive


Zimbabwe taxes panties as "luxury items"

Donkervader
18-09-2007, 09:38
Just to show you all what a lovely continent we live on - here is some news about the collapsing Zimbabwean regime. The country's inflation is running close to 8000%! Not, that's not a typo, there's meant to be 3 "0"s there. The country's economy is so screwed that there is no bread or rice available in shops anymore. Their government is trying to fix prices of commodities like sugar etc on the market, but it only lead to a flourishing black market. People can't even borrow money any more, because the inflation is so high. Here is the story on a local SA news site (http://www.fin24.co.za/articles/default/display_article.aspx?Nav=ns&ArticleID=1518-25_2185560).

It's quite sad that some of the practices we joke about on NationStates are actually being implemented in real life!