That’s the latest official Zimbabwean dollar inflation rate. 231 million % isn’t a number I can make sense of or begin to understand, mathematically, but it can be visualised in seeing the misery and starvation throughout the Country.
The World Food Programme (WFP) has revised up the number of people it says need food aid. It now says seven million Zimbabweans are in need of food aid, up from 5.1 million in June. Put into perspective this is eight out of every ten Zimbabweans who need food aid! I’ve taken the current population as less than 9 million from a recent article by Eddie Cross (click on the 24 Jan 2009 article) who is the MP for Bullawayo South. Eddie’s site is well worth reading.
I’m writing this because of the news yesterday, on the BBC, that Zimbabwe abandons its currency. If you watch the video embeded in the article please don’t be misled by how the supermarket in which it’s filmed appears – the shelves are full and everything is normal. That’s not reality for Zimbabweans who haven’t got access to foreign currency.
How do people get access to foreign currency? Salaries are still paid in Zimbabwe dollars and buying foreign currency with your earned Zim dollars wont work – a teacher’s monthly salary would buy 1 US$ at the current exchange rate (with 231m% inflation it probably fell as I typed those words). The US$ prices in the supermarket are about the same as the US$ dollar price would be in a supermarket in Florida, Ohio etc. So you see how useless 1 US$ dollar a month is.
The foreign currency comes from those who have abandoned Zimbabwe in an attempt to live ‘normally’ and are sending money home to relatives. As a generalisation this leaves a large percentage of the population without much possibility of having someone outside Zimbabwe support them – the 25 to 40 year olds who probably have young children. They don’t have children old enough to have left Zimbabwe and be sending money home and their parents (possibly, but unlikely to still be alive) too old to have left Zimbabwe. They may have brother or sisters outside Zimbabwe but there’s only so much money someone living abroad has after paying for their own needs.