津巴布韦通货膨胀hyperinflation in ZIMBABWE

1、By 舒妙镕 黄春燕Outline ReferenceSolutions to hyperinflationThe main causesThe economy situation of Zimbabwe The definition of hyperinflation Hyperinflation in Zimbabwe80% unemployment and constantly rising inflation. HyperinflationWhat is hyperinflation？In economics, hyperinflation is an inflation that i

2、s very high or out of control. It is a condition in which prices increase rapidly as a currency loses its value.a monthly inflation rate of 50% or morean inflationary cycle without any tendency toward equilibriumis often associated with wars (or their aftermath), economic depressions, and political

3、or social upheavals. Inflation rateThe price of $1USD cost $Z2,621,984,228 in October 20082000年55%2001年1121%2002年19893%2003年59875%2004年13275%2005年58584%2006年128111%2007年662123%2008年2200000%20002001200220032004200520062007200800.511.522.5x 104Historical contextRhodesian Dollar : Zimbabwean dollar=1:1

4、 when it was born on April 18,1980.Tobacco industry was thrivingCausesLand reformFinancial deficitExcessive money creationLooser monetary policyinflationSolutions1234Rise interest ratesControl the fiscal expenditureOpen market operation(OMO)Increase deposit reserve ratiomore money are put into banksOpen market operationCentral Bank sell securities to publicrise interest ratethe circulation of currencyOMOcurb commercial bank loansIncrease deposit reserve ratioease the hyperinflationControl the fiscal expenditureSTOP PRINTING EXCESS MONEY!Referenc