Zimbabwe Hyperinflates Again
Entering the Record Books For A Second Time In Less Than A Decade
Steve Hanke , CONTRIBUTOR
I cover economics and finance.
Opinions expressed by Forbes Contributors are their own.
WILFRED KAJESE/AFP/Getty Images
In 2008, Zimbabwe suffered the second most severe episode of hyperinflation in recorded history. Zimbabwe’s annual inflation rate peaked in November 2008, reaching 89.7 sextillion (10^23) percent. Well, Zimbabwe is experiencing hyperinflation again today. Zimbabwe’s annual inflation rate is currently at 348%.
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Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Early Sunday 10-29-17 Part 2 of 2
Whitelions: Ammar nominated Iraqi Prime Minister Haider al-Abadi for the Nobel Peace Prize A member of the German ruling party Mustafa al-Ammar nominated Iraqi Prime Minister Haider al-Abadi for the 2018 Nobel Peace Prize.
Al-Ammar said in a statement to the "Voice of the Iraqi community" that the nomination of Abadi for this post because all the signs and events on the Iraqi political scene confirms that he leads Iraq for the better The government that preceded the division of Iraq, where many cities in Iraq under the control of the organization calling the terrorist, To the spread of corruption among officials in the government, which led to the migration of many people of Iraq because of the killing and sectarianism.
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Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Early Sunday 10-29-17 Part 1 of 2
xyz: Iraqi Kurdistan leader Barzani will hand over presidential powers on November 1
http://www.reuters.com/article/us-mideast-crisis-kurds-barzani/iraqi-kurdistan-leader-barzani-will-hand-over-presidential-powers-on-november-1-idUSKBN1CX0L6 SULAIMANIYA,
Iraq (Reuters) - Iraqi Kurdistan’s veteran leader Masoud Barzani will not extend his presidential term beyond Nov. 1, a Kurdish government official said on Saturday.
blackgold: If Barzani has as much money as they say, he doesn't need to hang around
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DA Member News Highlights & Comments
To Read Earlier Post & Comments Related To Enorrste's Comments :
Enorrste – I found the forum commentary to be quite interesting. I tend to agree somewhat with Mike, however, in that I don't think it moves the ball very far one way or the other.
Having said that, though, I would offer these few comments:
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TNT:
Sunday TNT Update : ADDITION: Sunday 29th of October 2017 10:01:02 AM
KEEP AN EYE OUT ON THIS ONE - "In an unprecedented move, the Central Bank of Iran has increased the official rate of US dollar by 300 rials on Saturday."
https://financialtribune.com/articles/economy-business-and-markets/75152/cbi-raises-official-fx-rates
Reports to me are indicating that Barzani accordingly announced his resignation effective November 1, 2017, and the Kurd supporters are very disappointed and upset.
The CBI independent law is once again, on the agenda for a vote on Monday.
The military officials are claiming liberation for the last two provinces in the coming hours (not days).
Iraqi TV is reporting that 2018 will be the Year of Stability (that would be easily achieved with an RV any day now).
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