Article

2009-01-10 Africa Horn

Zimbabwe introduces new $50 billion note, hyperinflation now at 231 million percent

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Posted by GolfBravoUSMC 2009-01-10 09:38|| || Front Page|| [5 views ] Top

#1 Don't tell the US congress. They already plans to "invest" it.

Posted by ed 2009-01-10 10:31|| 2009-01-10 10:31|| Front Page Top

#2 Wonder if Chinamasa is available for Obama's Treasury department?

Posted by DMFD 2009-01-10 11:10|| 2009-01-10 11:10|| Front Page Top

#3 We are doing the same thing, just a bit behind Zim Bob.

Posted by Alaska Paul 2009-01-10 12:57|| 2009-01-10 12:57|| Front Page Top

#4 What is the exchange rate with Charmin???????????

Posted by Cheaderhead 2009-01-10 13:48|| 2009-01-10 13:48|| Front Page Top

#5 "In August last year, the RBZ slashed ten zeros from the currency. But the zeroes have bounced back with more vigor."

Why then not to make a currency-calender? slash the zeroes at the end of December, and until next year calculate the month by means of zeroes on the currenct you get as a salary.

Soviets had local bus tickets produced as long strips - with icons on, each being worth 2, 3 or 5 kopeeks. Zimbabwe could adapt this by having strips with number 1, 2 or 5 at the start (one can stamp the number at the start of the strip), and zeroes afterwards.

On the bright side, people in Zimbabwe are getting used to large numbers, which is good in astronomy. National science nevertheless.

Posted by Gloluting Darling of the Heathen Rus4265 2009-01-10 13:53|| 2009-01-10 13:53|| Front Page Top

#6 two words: scientific notation

Posted by Frank G">Frank G 2009-01-10 14:25|| 2009-01-10 14:25|| Front Page Top

#7 We might wanna lay off Bob. Down the road, Barry may be asking him for advice.

Posted by tu3031 2009-01-10 14:34|| 2009-01-10 14:34|| Front Page Top

#8 UUmmmm, I heard about the 50 million note less than a month ago

Posted by Rednek Jim 2009-01-10 15:14|| 2009-01-10 15:14|| Front Page Top

#9 50 billion? Please.
In November 1923 one dollar was worth 4.2 trillion reichsmark.

Way to go Zimbob? Next month?

Posted by European Conservative 2009-01-10 15:45|| 2009-01-10 15:45|| Front Page Top

#10 maybe Zimbabwe can open a market to sell them abroad as novelty items... i would buy one.

how much real money is 50 Billion Zimbucks?

Posted by Abu do you love 2009-01-10 16:00|| 2009-01-10 16:00|| Front Page Top

#11 enough to buy a bottle of $2 Buck Chuck at Trader Joe's

Posted by Frank G">Frank G 2009-01-10 16:07|| 2009-01-10 16:07|| Front Page Top

#12 Mugabe is an economics genius to be so far ahead in responding to the credit crunch with his quantitative easing.

Posted by Bright Pebbles 2009-01-10 16:39|| 2009-01-10 16:39|| Front Page Top

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