How not to run an economy
The situation is this:
1. Inflation is running at approximately 2,000%
2. Unemployment is about 60-70&
3. An AIDS epidemic affects some 30% of the country
4. The currency has devalued from a point where £1 = Z$19 in 1997 to one where £1 = Z$100,000
What do you do? Well if you're Robert Mugabe, you announce a currency revaluation. And that's it. Pure genius really, to take a country with a diversified economy, healthy agricultural sector and significant mineral wealth, add to it one of the ebst educated populations in Africa and turn it all to shit. A post may follow on the reasons for this, but honestly, when a Government decides to print money to meet a cash shortage I think that tells you all you need to know.