Question

Which country has gone through the worst currency crisis of recent times and its currency has almost lost its value?

A 1) Russia Correct Answer Incorrect Answer
B 2) Zimbabwe Correct Answer Incorrect Answer
C 3) Turkey Correct Answer Incorrect Answer
D 4) Libya Correct Answer Incorrect Answer
E 5) Syria Correct Answer Incorrect Answer

Solution

Hyperinflation in Zimbabwe was a period of currency instability that began in the late 1990s. During the height of inflation from 2008 to 2009, it was difficult to measure Zimbabwe's hyperinflation. 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.

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