The Reserve Bank of Zimbabwe has introduced its new 1,000 dollar note cutting ten zeros off the countries old ten trillion dollar note. This was done to battle the countries cash shortages and hyper-inflation of over 11.2 million percent. The new note is so worthless it can only buy a loaf of bread. "It will not make even a small impact. What we need in Zimbabwe is a clear change of policies, start production and then inflation will start easing up," said John Robertson an economic consultant in Zimbabwe. The economic situation in Zimbabwe was started off when President Robert Mugabe violently seized land from the country's white farmers and gave it to inexperienced black farmers. However, the President believes that he is not to blame for the country's hyperinflation. I think it is obvious what the problem is here. President Mugabe is to blame for everything that is happening in Zimbabwe. He started the economic collapse in the country when he started reallocating natural resources to people who did not know how to use them productively. However, there must be more in place to create inflation exceeding 10 million percent for a country. So far al the facts lead back to President Mugabe's terrible leadership and inabbility to run a developing country.
