In Zimbabwe,in the recently held elections for the parliament,the mammoth rise of inflation was the primary issue in the campaign. It is estimated that inflation has risen by unprecedented 100,000 % and one can very well imagine the owes of poor people of Zimbabwe. President Robert Mugabe, who is running 84, hardly has any time or solution to solve the burning problem of inflation.
People have to carry volumes of currency with them to purchase anything even milk or vegetables or groceries. Hence, the Zimbabwean government has come out with a novel idea of mitigating the evil of inflation problem sufferred by the poor Zimbabwean people. There is a general saying that if we cannot solve the ‘Gordian Knot’, it is better to cut it which means ‘cutting the Gordian knot’. Similarly instead of trying to solving the riddle of inflation, the Zimbabwean Government tried out a simple solution of lessening the burden of the people from carrying the volumes of currencies to the market.
Are you racking up your brain to know what was the solution offerred by the Zimbabwean government? It was very simple. Recently, the Government of Zimbabwe has released a currency note with a denomination of 2 million, so that the people can atleast heave a sigh of relief or burden of carrying volumes of currencies to the market. A novel idea to solve the problem of inflation, isn’t it ?