There is perhaps no other country in Africa that had more hope or promise for the future than Zimbabwe. And, like most of Africa, Zimbabwe has tragically had its hopes and dreams absolutely obliterated due to complete abject mismanagement of the economy by a despot ruler intent on clinging to power at any cost.
Without any dramatic stretch of the imagination, the situation in Zimbabwe can be viewed as representative of the situation on the entire African continent. Zimbabwe, like the continent as a whole, was once a place with enormous hope and promise. It is now an autocratic regime with probably the most mismanaged economy in the world.
Since 1980, Robert Mugabe has held unbridled power over the citizens of Zimbabwe. After decades of white-only rule, Mugabe first looked as though he would be an effective and fair ruler. Twenty-nine years of despotic rule later and that theory has been shown to be false. Mugabe has made illegal land grabs, beaten, jailed, and killed opposition members, rewarded his bully men with the land he illegally took (which they then grossly mismanaged), and stolen at least three elections – probably more.
But beyond the egregious human rights violations, the people of Zimbabwe have suffered the worst through the completely corrupt mismanagement of the economy.
Before having to abandon its own currency, the Zimbabwe dollar, Zimbabwe was afflicted with the worst case of hyperinflation in world history. During the peak of its hyperinflation crisis, Zimbabwe’s rate of inflation was estimated to be at the unfathomable rate of 89,700,000,000,000,000,000,000% (there are twenty zeroes there, FYI) and its exchange rate with the US dollar was 300,000,000,000,000 (fourteen zeroes, if you’re still counting) Zimbabwe dollars to one US dollar. In 2002, that figure was Z$300 : US $1. Things clearly had gotten bad, fast.

After having ten zeroes taken off of all Zimbabwean currency in 2008, $100 billion still only bought three eggs.
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