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    Zimbabwe: A nation of billionaires

    Where in the world could you be a multi-billionaire and still go hungry? The answer is, of course, Zimbabwe.
    Where there is a bank there is a queue. Photo: IRIN
    Where there is a bank there is a queue. Photo: IRIN

    The Reserve Bank of Zimbabwe (RBZ) has fixed the daily withdrawal limit at Z$100bn (roughly US$1.25) a day for individuals, but that comes nowhere near to covering the day-to-day costs of people living in the most inflationary environment in the world.

    A loaf of bread costs Z$100bn at the official rate, a kilogramme of meat Z$450 billion, (around US$5.60) and a half-litre sachet of milk sells for Z$200 billion (about US$2.50). On the parallel market, where most people shop, prices are far higher.

    Read the full article here.

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