July 20, 2008

This is insane!

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!


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