Zimbabwe’s Independent Newspaper quoting the country’s Central Statistical Office reports that the country’s annual inflation rate has hit 9 million percent and is set to soar to 10.5 million by the end of the month.

These rises mean that Zimbabwe is effectively locked into a vicious hyperinflation reminiscent of the Germany during the Weimar Republic or Brazil in the early 1990’s. The Zimbabwean dollar (ZWD) which was worth USD $1 in 1980 now exchanges for approximately 21,888,000,000 ZWD per USD $1.

The steep decline of the national current has given Zimbabweans the dubious accolade of being able to spend a billion dollars on a sandwich for instance.