I looked up this issue and found this:
“National debt in Zimbabwe increased to over 100% of GDP. To finance the National Debt, the Government started printing money; but, this only devalued the value of existing money and caused prices to rise.
Mugabe blamed inflation on ‘Greedy businesses’ demanding price rises. This encouraged him to set up price controls. These have been ineffective in preventing inflation.”
Sound familiar?
What's sad is that they're now using U.S. greenbacks as currency. They're in for a rude awakening soon. How long will it be until the dollar sees rampant inflation?