Sunday, January 18, 2009

Money problems?


If you think you've got it bad, check out Zimbabwe's economy. Not only is their country war-torn and their leader a Nazi style dictator (yes I can say that because he is killing potentially millions), their financial situation is just terrible. I thought with the pound on the slide Brits had it bad, but oh no, I take it all back:

As the country is under heavy heavy hyperinflation, the apparent cost of everyday things are just ridiculous. To put it in to context 1 krona is worth (today- as it changes rapidly) 2.12 million Zimbabwe dollars. Yes, 2.12 million!!

To put this even more in to context, Zimbabwe is to issue a new note: a 100 trillion dollar note!!! Yes, this is not a joke! The money really isn't worth the paper it's printed on. When you go down to the local supermarket for a weekly shop and the bill comes to 2,120,000,000 dollars (in english counting, just over 2 trillion dollars) don't be so shocked! My wondering is how do the tills have enough space for the zero's?!