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Posted by Vikas Sah on Tuesday, March 6, 2007
1,594% was the estimated annual inflation rate in trouble-racked Zimbabwe in January – the highest in the world.
4,000% is the inflation rate predicted by the International Monetary Fund for Zimbabwe by year’s end of the prices continue to soar and the government doesn’t devalue the currency.
(Source: Time Magazine)
Technorati tags: Zimbabwe, Inflation Rate, IMF
Posted in Government, Wealth | Tagged: Government, Wealth | Leave a Comment »
Posted by Vikas Sah on Tuesday, March 6, 2007
Dollar coins can circulate for 30 years compared with 18 to 22 months for a dollar bill.
US would save $500 million each year if dollar bills were replaced by coins, like the new, golden George Washington ones release Feb. 15. (Source: Time Magazine)
Technorati tags: Dollar, coin, bills, George Washington
Posted in Wealth | Tagged: Wealth | Leave a Comment »
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