|UOT| laid the foundation 4 a journey into the dynamic world of |COMPUTER PROGRAMMING|. learning programming By BREAKING it into PIECES |excitng |NEW |FRONTIER|
@shakazulu83@MacBelts@snowballOfficia Come on , now yโall wanna control what people say , this is pure BS at the highest and internet records everything
Sharon Matongo, a Columbia University Masters Student who made a moving commencement speech last week is a proud murakashiโฆAt least she stands for somethingโฆ
ALERT:
This man in New Zealand has been forced to burn millions of healthy bees because the national management agency found spores that were well below infection levels and showed no signs of disease.
How does this even make sense?
He has now lost over $2 MILLION.
"This is what's happening in New Zealand"
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make this make sense. I need to understand
fuel..... usd
rent.... usd
passport..... usd
donations pama rally... usd
ma aqua..... usd
salaries ziggy..
You get arrested for looking for usd to pay for above.
Kuma bank hakuna usd racho. vanonyatsoda kuti tiite sei chaizvo.
Apostle Chiwenga Tears into General: says "He is not Fit to be a President!"
Apostle Talent Chiwenga criticized his cousin, General Chiwenga, who once warned money changers said they must stop or they'll be crippled, "Unoremadzwa" while addressing a Zanu-PF gathering. Talent highlighted several cases where the act of crippling should have been effectively used to deal with real criminals, including Henrietta Rushwaya and Delish Ngwaya, both of whom are allies of Emmerson Mnangagwa and have been involved in serious crimes such as mineral smuggling and corruption.
Talent also mentioned the famous Chiadzwa Diamonds exploitation, which led to former President R.G. Mugabe announcing a missing revenue of USD 15 billion. Talent argued that if Chiwenga, as a military man, was that decisive and harsh in dealing with criminals, he should have been able to act on critical and important issues.
Chiwenga reminded his cousin that he is no longer a military man and advised him to focus on building a relationship with his family and start to behave like a civil servant.
It was one of the most severe economic crises in modern history. The country experienced a catastrophic collapse of its currency,the Zimbabwean dollar, with prices doubling every 24 hours at its peak. ๐ค๐ธ๐ธ๐ธ๐ค
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The hyperinflation was primarily caused by a combination of factors, including:
โขExcessive Money Printing: The Reserve Bank of Zimbabwe printed vast amounts of money to finance government spending, leading to a rapid increase in the money supply.
โขLand Reforms: Controversial land reforms, which involved the seizure of white-owned farms and redistribution to black farmers, disrupted agricultural production and led to food shortages.
โขEconomic Sanctions: International sanctions imposed on Zimbabwe due to political instability and human rights abuses further crippled the economy.
โขCorruption and Mismanagement: Widespread corruption and mismanagement within the government exacerbated the economic crisis.
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The hyperinflation had devastating consequences for the Zimbabwean people:
โขSoaring Prices: Prices of goods and services skyrocketed, making basic necessities unaffordable for most citizens.
โขSavings Wiped Out: Savings accounts became worthless as the currency rapidly lost value.
โขEconomic Collapse: Businesses closed down, unemployment soared, and the economy virtually ground to a halt.
โขSocial Unrest: The economic hardship led to social unrest and political instability.
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Peak and Aftermath:
The hyperinflation reached its peak in mid-November 2008, with an estimated monthly inflation rate of 79.6 billion percent. This meant prices were doubling every 24.7 hours. The Zimbabwean dollar became virtually worthless, and the government was forced to abandon it in 2009.
Following the abandonment of the Zimbabwean dollar, the country adopted a multi-currency system, primarily using the US dollar and South African rand. This stabilized the economy and brought an end to the hyperinflation. However, the long-term effects of the crisis continue to be felt in Zimbabwe, with high unemployment, poverty, and economic instability persisting.
Zimbabwe's hyperinflation serves as a stark reminder of the dangers of unchecked money printing and the importance of sound economic policies. It is a cautionary tale for other countries facing economic challenges.