African dictatorship Republic of Zimbabwe
lead by president Robert Mugabe
is facing economic problems of enormous proportions. The inflation in Zimbabwe rose from an annual rate of 32% in 1998 to an estimated high of 11 200 000 % in July 2008, according to CNN
. No you didn't misread, 11.2 million percent. To put this in a perspective, the Swedish annual inflation is approximately 2 %. The galloping inflation forced Zimbabwe's central bank to introduce a 100 billion dollar note. Further more CNN states that the price of a loaf of bread in the country, in February 2008, was less than 200 000 Zimbabwe dollars. In August 2008, the same loaf of bread cost astonishing 1.6 trillion Zimbabwe dollars. The photography was uploaded to Flickr
and depicts the new 100 billion dollar bill.