BitcoinNews on Nostr: 🇿🇼 ZIMBABWE’S INFLATION FALLS BELOW 🇺🇸 US AND 🇬🇧 UK AFTER ...
🇿🇼 ZIMBABWE’S INFLATION FALLS BELOW 🇺🇸 US AND 🇬🇧 UK AFTER ADOPTING HARD MONEY
Zimbabwe’s annual inflation fell to 2.9% in August, below the UK at 3.1% and the US at 3.4%.
The milestone is mind-blowing for a country synonymous with hyperinflation.
In 2008, Zimbabwe’s inflation spiraled so far out of control that prices were roughly doubling every 24 hours, culminating in the infamous 100 trillion Zimbabwe dollar banknote.
Zimbabwe introduced the gold and foreign-reserve-backed ZiG currency in 2024.
h/t IGWTreport
Published at
2026-10-01 01:01:43 UTCEvent JSON
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"content": "🇿🇼 ZIMBABWE’S INFLATION FALLS BELOW 🇺🇸 US AND 🇬🇧 UK AFTER ADOPTING HARD MONEY\n\nZimbabwe’s annual inflation fell to 2.9% in August, below the UK at 3.1% and the US at 3.4%.\n\nThe milestone is mind-blowing for a country synonymous with hyperinflation. \n\nIn 2008, Zimbabwe’s inflation spiraled so far out of control that prices were roughly doubling every 24 hours, culminating in the infamous 100 trillion Zimbabwe dollar banknote.\n\nZimbabwe introduced the gold and foreign-reserve-backed ZiG currency in 2024.\n\nh/t IGWTreport\n\nhttps://image.nostr.build/fbb2dfa9d0fd8f7e6c42fd5c314a31ce33205b44e4ef3f4f7a01dcc35b74cf27.jpg",
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