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Hyperinflation Zimbabwe

Essay by   •  October 1, 2011  •  Essay  •  266 Words (2 Pages)  •  1,353 Views

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To fight hyperinflation Zimbabwe tried slashing prices to gain control of money supply. They allowed use of other currencies for trades and transaction which introduced USD in picture.a) Manipulate gold prices, stop printing currency irresponsibly b) Attract FDI c) Increase production of goods and services (by increasing production capacity) d) Increase food output capacityTo fight hyperinflation Zimbabwe tried slashing prices to gain control of money supply. They allowed use of other currencies for trades and transaction which introduced USD in picture.a) Manipulate gold prices, stop printing currency irresponsibly b) Attract FDI c) Increase production of goods and services (by increasing production capacity) d) Increase food output capacityTo fight hyperinflation Zimbabwe tried slashing prices to gain control of money supply. They allowed use of other currencies for trades and transaction which introduced USD in picture.a) Manipulate gold prices, stop printing currency irresponsibly b) Attract FDI c) Increase production of goods and services (by increasing production capacity) d) Increase food output capacityTo fight hyperinflation Zimbabwe tried slashing prices to gain control of money supply. They allowed use of other currencies for trades and transaction which introduced USD in picture.a) Manipulate gold prices, stop printing currency irresponsibly b) Attract FDI c) Increase production of goods and services (by increasing production capacity) d) Increase food output capacityTo fight hyperinflation Zimbabwe tried slashing prices to gain control of money supply. They allowed use of other currencies for trades and transaction which introduced USD in picture.a) Manipulate gold prices, stop printing currency irresponsibly b) Attract FDI c) Increase production of goods and services (by increasing production capacity) d) Increase food output capacity

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