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Inflation at the end of 2007 exceeded 100 thousand. percent on an annual basis. In June 2008, inflation reached 9 million per cent [5].
In early 2008 in the Zimbabwe reported the highest in the world going back to hyperinflation according to official data up to 5 percent of one thousand and, according to independent experts even 20 thousand per month.
In May 2008 entered into circulation, the banknote denominations of 500,000,000 U.S. dollars zimbabweńskich agricultural and special checks in denominations of 5, 25 and 50 billion dollars’ worth of zimbabweńskich. In the first days of July 2008 1 zloty was worth 8 billion U.S. dollars zimbabweńskich.
In mid-July 2008 in Zimbabwe issued a banknote denominations of 100,000,000,000 dollars (say one hundred of billions of dollars). Inflation according to the Central Bank of Zimbabwe was 2.2 million per cent, making it the highest in the world. For reasons of information tremendous number of zeros is preventing you from using ATMs, which have not been programmed to handle such sums [6]
Central Bank of Zimbabwe is subject to the President of the country. President of the Central Bank of Zimbabwe Gideon Gono is.
30 July 2008 Director of the Central Bank of Zimbabwe Gideon Gideon Gono announced that in order to reduce the effects of hyperinflation from 1 August, it will be the denomination Zimbabwe dollar in a proportion of 10.000.000.000:1.
Steve Hanke, a senior member of Cato Institute, described the annual inflation rate in Zimbabwe 516,000,000,000,000,000,000 percent (data from 7 November 2008)
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Zimbabwe is a very poor country, it has a gross domestic product of only slightly more than $ 1000US per capita per year downward trend. Especially since the government in 2000 began to expropriate white farmers to the country and to refer (or murder) does the economy continues downhill. Zimbabwe (once a relatively rich and fertile land) must have been in neighboring countries to buy grain, allegedly by the farmers who are thrown out after they have established there. A tourist guides often cynical question is asked: “With what Zimbabweans have illuminated their houses before they use candles? – With electricity …”
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The name Zimbabwe derives from “Dzimba dza mabwe” meaning “great houses of stone” in the Shona language.

Its use as the country’s name is a tribute to Great Zimbabwe, site of the capital of the Empire of Great Zimbabwe. In other languages, such as German, the initial Z is replaced with an S so as to produce the same sound in the phonics of the said language; for example Zimbabwe is spelled “Simbabwe”.
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Hwange is home to some 400 species of birds and 107 types of animals, including one of the largest numbers (30,000) of elephants in the world. The best time for wildlife viewing is July to October when animals congregate around the 60 water holes or ‘pans’.
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The dry winter months (May to October) are the most comfortable for travelling, but you’ll miss the green landscapes that characterise the hotter and wetter summer season (November to April). In winter, night-time temperatures can fall below freezing but the days are best for wildlife viewing because animals tend to concentrate close to water holes and are therefore easily observed. National parks are most crowded during South African school holidays, so to avoid the throngs, avoid mid-April to mid-May and mid-July to mid-September. There’s a secondary rush around the Namibian school holidays in December and early January.
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Harare (pronounced /həˈrɑreɪ/ or /həˈrɑri/, formerly Salisbury) is the capital of Zimbabwe. It has an estimated population of 1,600,000, with 2,800,000 in its metropolitan area (2006). Administratively, Harare is an independent city equivalent to a province. It is Zimbabwe’s largest city and its administrative, commercial, and communications centre. The city is a trade centre for tobacco, maize, cotton, and citrus fruits. Manufactures include textiles, steel, and chemicals, and gold is mined in the area. Harare is situated at an elevation of 1483 metres (4865 feet) and its climate falls into the warm temperate category.
Harare is the site of the University of Zimbabwe, the largest and most complete institution of higher learning in Zimbabwe, which is situated about 5km north of the city. Numerous suburbs surround the city, retaining the names colonial administrators gave them during the 19th century, such as Warren Park ‘D’, Borrowdale, Mount Pleasant, Marlborough, Tynwald and Avondale.
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Zimbabwe (pronounced /zɪmˈbɑːbweɪ/), officially the Republic of Zimbabwe, and formerly Southern Rhodesia, the Republic of Rhodesia and Zimbabwe Rhodesia, is a landlocked country in the southern part of the continent of Africa, between the Zambezi and Limpopo rivers. It is bordered by South Africa to the south, Botswana to the southwest, Zambia to the northwest, and Mozambique to the east. The official language of Zimbabwe is English. However, the majority of the population speaks Shona, which is the native language of the Shona people; the other native language of Zimbabwe being Sindebele, which is spoken by the Matabele people.
From circa 1250–1629, the area that is known as Zimbabwe today was ruled under the Mutapa Empire, also known as Mwene Mutapa, Monomotapa or the Empire of Great Zimbabwe, which was renowned for its gold trade routes with Arabs. However, Portuguese settlers destroyed the trade and began a series of wars which left the empire near collapse in the early 17th century. In 1834, the Ndebele people arrived while fleeing from the Zulu leader Shaka, making the area their new empire, Matabeleland. In the 1880s, the British arrived with Cecil Rhodes’ British South Africa Company. In 1898, the name Southern Rhodesia was adopted.
As colonial rule was ending throughout the continent, and as African-majority governments assumed control in neighbouring Northern Rhodesia and in Nyasaland, the white-minority Rhodesia government led by Ian Smith made a Unilateral Declaration of Independence (UDI) from the United Kingdom on 11 November 1965. The United Kingdom deemed this an act of rebellion, but did not re-establish control by force. The white-minority government declared itself a “republic” in 1970. It was not recognised by the UK or any other state, other than white minority-led South Africa.
A civil war ensued, with Joshua Nkomo’s ZAPU and Robert Mugabe’s ZANU using assistance from the governments of Zambia and Mozambique.
On 18 April 1980, the country attained recognised independence and along with it a new name, Zimbabwe, new flag, and government led by Robert Mugabe of ZANU. Canaan Banana served as the first president with Mugabe as Prime Minister. In 1987, the government amended the Constitution to provide for an Executive President and abolished the office of Prime Minister. The constitutional changes went into effect on 1 January 1988, establishing Robert Mugabe as President.
Under the leadership of Mugabe, land issues, which the liberation movement promised to solve, reemerged as the vital issue in the 1990s. Beginning in 2000, Mugabe began an effort to redistribute land from white holders (predominantly large farms) to 250,000 Africans.
Zimbabwe is currently experiencing a hard currency shortage, which has led to hyperinflation and chronic shortages in imported fuel and consumer goods. Mugabe’s critics blame his programme of land reform. However, Mugabe claims that massive financial isolation through American, British and EU legislation such as the Zimbabwe Democracy and Economic Recovery act of 2001 is the actual cause of hyperinflation. Under ZDERA, the IMF and other financial institutions are prohibited from extending loans, credit or cancelling debt to the government of Zimbabwe. As Zimbabwe needs to import all its energy, and oil is paid for in US dollars, this made the country vulnerable to financial sanctions like ZDERA.
Zimbabwe’s current economic and food crisis, described by some observers as the country’s worst humanitarian crisis since independence, has been attributed, in varying degrees, to a drought affecting the entire region, the HIV/AIDS epidemic, and the government’s price controls and land reforms.