Zimbabwe's Struggle with Hyperinflation

Zimbabwe faced severe hyperinflation reaching a staggering 89.7 6 trillion percent year on year at its peak in November 2009, with prices doubling every 24 hours. The root cause stemmed from land reforms in the 1980s leading to a decline in commercial farming and a 60% drop in food production. Desperate for solutions, Zimbabwe resorted to excessive money printing, resulting in widespread inflation and the worthlessness of its currency, eventually transitioning to a multi-currency system.