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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
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.
