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Beginning in 2022 the yen/dollar rate has become increasingly weaker with each passing month. By July 2024, the price fell to upper ¥161 per $1, marking the lowest exchange rate for the yen in 37.5 years on a nominal effective exchange rate [80] and the lowest real effective exchange rate since the start of statistics by the Bank of Japan in 1970.
By the end of the year, the interest rate stood at 42.5%, [53] and the annual inflation rate decreased to 53.86%, down from 83% in 2022. [54] The central bank increased the interest rate to 50% in March 2024 under Fatih Karahan , the new governor, and has kept it as such as for eight consecutive months. [ 55 ]
In 2016, the total contribution of tourism to Zimbabwe was $1.1 billion (USD), or about 8.1% of Zimbabwe's GDP. Employment in travel and tourism, as well as the industries indirectly supported by travel and tourism, was 5.2% of national employment. [221] Several airlines pulled out of Zimbabwe between 2000 and 2007.