When was the last time Zimbabwe had hyperinflation?
By mid-July 2019 inflation had increased to 175%, sparking concerns that the country was entering a new period of hyperinflation. In March 2020, with inflation above 500% annually, a new taskforce was created to assess currency issues.
What did the government do about hyperinflation in 2007?
In 2007, the government declared inflation illegal. Anyone who raised the prices for goods and services was subject to arrest. This amounted to a price freeze , which is usually ineffective in halting inflation. 
When did Zimbabwe stop printing their own currency?
However, Zimbabwe’s peak month of inflation is estimated at 79.6 billion percent in mid-November 2008. In 2009, Zimbabwe stopped printing its currency, with currencies from other countries being used. In mid-2015, Zimbabwe announced plans to have completely switched to the United States dollar by the end of 2015.
What was the economy like in Zimbabwe in the early years?
In its early years, Zimbabwe experienced strong growth and development. Wheat production for non-drought years was proportionally higher than in the past. The tobacco industry was thriving as well. Economic indicators for the country were strong.
What is the official inflation rate in Zimbabwe?
Zimbabwe’s official inflation rate has surged to 231,000,000% as the opposition appealed to South Africa’s former president, Thabo Mbeki, to rescue the historic power-sharing deal he brokered last month.
Why did Zimbabwe remove 10 zeros from currency?
Its attempt to curb inflation with enforced price reductions only drove trade on to the black market. The central bank removed 10 zeros from the national currency in August after rapid devaluation forced it to print Z$100bn notes that were worth only about 8p on the street when they were scrapped.