Ken Gargett Posted December 12, 2008 Posted December 12, 2008 The country's currency plunged to a new record low on Monday, trading at an average Z$28,4 quadrillion to the U.S. dollar and triggering massive price increases….The hyperinflation is now estimated at over a quintillion percent, although no one really knows. understand that it was devalued by the removal of 10 zeros! but it has all started again.
Ken Gargett Posted December 12, 2008 Author Posted December 12, 2008 that note will buy you three eggs.
Ken Gargett Posted December 12, 2008 Author Posted December 12, 2008 and finally, the sort of bill you can expect...
ARRV Posted December 12, 2008 Posted December 12, 2008 It probably costs more to print those notes than the notes are worth themselves!
ARRV Posted December 12, 2008 Posted December 12, 2008 They probably use 100 Billion Notes as long filler
Warren Posted December 12, 2008 Posted December 12, 2008 I would like to know what the hell the people in the last photo were smiling about.
Guest rob Posted December 13, 2008 Posted December 13, 2008 I would like to know what the hell the people in the last photo were smiling about. They paid the bill and we're just getting their change from the waiter.
Ryan Posted December 13, 2008 Posted December 13, 2008 I was in Zimbabwe in 2002. At the time the official rate was about 130 Zim dollars to a euro. On the street, guys were selling 1,400 for a euro, things weren't looking good then. We saw a convoy of farmers leaving at the border as we were driving in. The country is screwed, Mugabe is holding onto power to avoid genocide charges. Friends of my wife's family farmed there, on the farm were a number of villages, shops, medical clinics, schools and an air-strip. All gone. Another had a herd of 130 dairy cows, all of the milk went to a local cheese factory. The guys who moved onto his farm cut the teats off the entire herd when he wouldn't give them the milk. He now farms in Tipperary.
Ginseng Posted December 13, 2008 Posted December 13, 2008 Jesus. That's almost inconceivable. So basically, at that rate of inflation, the price you are quoted when you order would not be what you'd have to pay when you're done eating. The whole situation has slipped wholesale into the "totally ludicrous" category. Wilkey
Colt45 Posted December 13, 2008 Posted December 13, 2008 Friends of my wife's family farmed there, on the farm were a number of villages, shops, medical clinics, schools and an air-strip. All gone.Another had a herd of 130 dairy cows, all of the milk went to a local cheese factory. The guys who moved onto his farm cut the teats off the entire herd when he wouldn't give them the milk. He now farms in Tipperary. Hearing these kind of stories does not bolster my faith in mankind.
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