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10 nations with highest inflation

May 19, 2008

2. Iraq: 53.2%

War-torn Iraq is also facing a huge problem, not only on the political front but also on the economic one. Inflation in Iraq is running amuck. It currently stands at 53.2%.

Rising oil prices, political instability, terrorism and the other post-conflict dynamics have led to inflation in the nation rise to unmanageable proportions

Some hurried counter-by the Iraqi central bank to curb inflation too have added fuel to the fire.

Image: An Iraqi money changer holds a handful of Iraqi currency in central Baghdad. | Photograph: Sabah Arar/AFP/Getty Images

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