Archive for January 19th, 2009

Wanna be a trillionair?!?

Monday, January 19th, 2009

Yahoo! News: “The new 100,000,000,000,000 Zim-dollar bill would have been worth about 300 US dollars (225 euros) at Thursday’s exchange rate on the informal market, where most currency trading now takes place, but the value of the local currency erodes dramatically every day.”

I’m pretty sure that y’all know that the situation in Zimbabwe is out of control, already for a LONNNGGG time. The hyperinflation is breaking records, and that is not a good thing for the people (which is a huge understatement!).

Only 6 months ago, Zimbabwe’s central bank introduced a 100 BILLION dollar note, now it says it will soon introduce a 100 TRILLION dollar note! Also new are 50 trillion, 20 trillion and 10 trillion notes, which are said to be released for the “convenience of the public”..can you believe this shit?!?