Friday, January 30, 2009

“sorry, I haven’t got anything smaller…”

Amused, but also very depressed, by this image of a trillion dollar Zimbabwean bank note (yes, trillion!) which was introduced a couple of weeks ago (this one is obviously a spoof, but…!) – a real one is worth about £20 on the black market. As of yesterday, Zimbabweans are being allowed to conduct business in other currencies, alongside the Zimbabwean dollar, in an effort to stem the country’s runaway inflation. It now appears that the real inflation rate has actually exploded beyond calculation but, back in November 2008, the inflation rate was judged to be 13.2 billion per cent a month (or just 516,000,000,000,000,000,000 per cent a year or, if you’d prefer, 516 quintillion per cent)!
The moral of this tale is presumably: “don’t put your Z$ trillion note under your mattress - because it might not be worth anything by the morning”?

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