What Happened In Zimbabwe In 2009

What does that mean.
What happened in zimbabwe in 2009. This information was very helpful in my paper. Zimbabwe s official inflation rate has surged to 231 000 000 as the opposition appealed to south africa s former president thabo mbeki to rescue the historic power sharing deal he brokered last. The movement for democratic change mdc was established in september 1999 as an opposition party founded by trade unionist morgan tsvangirai. This further enhanced confidence in the currency they adopted as opposed to zimbabwean dollar that could not inspire confidence among the locals.
The zimbabwean currency has lost its worth. Zimbabweans were then encouraged to use a foreign currency of their liking. People do not have faith in it any more. Zimbabwe became the world s only multi currency economy in 2009 when it adopted the dollar euro south african rand and other currencies as legal tender.
What s happened to zimbabwe s money. Please skip this section if you already know how the monetary system works and what is inflation wha. In 2008 it removed 10 zeros and in 2009 it struck another 12 zeros from printed denominations. Zimbabwe devalued its currency three times in an attempt to control inflation.
2009 february morgan tsvangirai is sworn in as prime minister after protracted talks over formation of government. Zimbabwe reaffirms land redistribution policy global issues in context. Opposition to president mugabe and the zanu pf government grew considerably after the mid 1990s in part due to worsening economic and human rights conditions. Hyperinflation in zimbabwe was a period of currency instability in zimbabwe that using cagan s definition of hyperinflation began in february 2007 during the height of inflation from 2008 to 2009 it was difficult to measure zimbabwe s hyperinflation because the government of zimbabwe stopped filing official inflation statistics.
This website provided me with many facts and numbers. 2009 september imf provides 400m support as part of g20 agreement to help. Contemporary issues world geography. In 2006 it divided denominations by 1 000 striking three zeros from the currency.
The government through the reserve bank of zimbabwe unveiled convertible.