5 Countries With Highest Interest Rates

1. Republic of Zimbabwe

Interest rate as of November 2022: 200%

If economists were children, and they were told terror tales, the story of the Republic of Zimbabwe would perhaps be the most frightening. The country’s economy nearly collapsed in 2009, and a flight of foreign capital led to its currency becoming worthless. At one point, the U.S. ambassador to the Republic of Zimbabwe is known to have famously remarked that inflation just might reach 1,500,000%. However, the ambassador would be proven wrong and short sighted, as inflation peaked at 79,600,000,000% in November 2008. Since then, the Republic of Zimbabwe is treading relatively calmer waters, with a 255% inflation in November 2022 that actually dropped from October’s reading of 269%. The country’s interest rate is 200%.

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