Echo

This is insane!  

Posted by Rezwan in

Just a month ago I blogged that a typical dinner in Zimbabwe can cost you more than a billion Zimbabwean dollars.

Now Zimbabwe introduces a $100 billion Zimbabwean dollars note. BBC reports:

The official annual inflation rate has exceeded 2,200,000%. Independent economists believe the real rate is many times higher. Zimbabwe's meltdown has left at least 80% of the population in poverty, facing mass shortages of basic goods.

Zimbabwe residents say the latest note is already worthless, and does not even cover their daily lunch. "Nowadays, for my expenses a day, I need about Z$500 billion".
This is not only weird, this is insane!

This entry was posted on July 20, 2008 at Sunday, July 20, 2008 and is filed under . You can follow any responses to this entry through the comments feed .

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