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exp 31 Dec/08
Collectors are buying up the 100 billion agro cheque (bank note) for $80 US on ebay.
for $100,000,000,000 a Zimbabwean can buy a loaf of bread
for $80 an American can buy a tank of gas.
In the Guardian, on 18 July 2008, a report on Zimbabwe's inflation, said that
- an egg costs ZW$50 billion (GBP 0.17, USD 0.32)
- adverts for prizes of Z$100 trillion in a Zimbabwean derby and ZW$1.2 quadrillion ($1,200,000,000,000,000.00: ~GBP 2,100; USD 4,200) in a lottery.
- a monthly war pension currently is ZW$109 billion (GBP 0.37, USD 0.74)
- shops can only cash cheques if the customer writes double the amount, because the cost will go up by the time the cheque has cleared
- people can only withdraw a maximum of ZW$100 billion from cashpoints.
inflation rises so quickly that it is not unknown for 20 people standing line to buy the same item to pay three different prices.
That is beyond bizarre...
ReplyDeleteWhat a very odd currency. When does it run out.
ReplyDeleteCJ xx
So sad for these people. I pray for them.
ReplyDeleteSo sickening to contemplate...
ReplyDelete