Well, no not LOL. It’s actually really sad what they’re going through.
Anyhow:
$10,000,000,000 Now $1 in Zimbabwe
By THE ASSOCIATED PRESS
Published: July 30, 2008 Filed at 7:14 a.m. ET
HARARE, Zimbabwe (AP) – Zimbabwe will knock 10 zeros off the country’s hyper-inflated currency next month, making 10 billion dollars one dollar, the nation’s central bank governor said Wednesday.
President Robert Mugabe immediately warned in a televised address that he will impose a state of emergency if profiteers take advantage of the change on Aug. 1.
‘‘Don’t drive us further. If you drive us even more we will impose emergency measures. We don’t want to place our country under emergency rule,’’ Mugabe said.
Zimbabwe suffers the highest inflation rate in the world. Inflation is constraining operations of the country’s computer systems, central bank Gov. Gideon Gono said.
Computers, electronic calculators and automated teller machines at banks have not been able to handle basic transactions in billions and trillions of dollars.
Just last week Gono introduced a new 100 billion-dollar note that is not enough to buy a loaf of bread.
Gono said on Aug. 1 the bank will issue a 500-dollar bill equivalent to 5 trillion dollars at the current rate.
Just last week Gono introduced a new 100 billion-dollar note that is not enough to buy a loaf of bread.
Shit, you know how much they want around here for a loaf of 12 grain?
Well fuck me sideways. While we’re on the topic of economics, I just found out that the same guy who taught my micro-econ class is teaching my macro-econ class this fall. The dude sucks. :picard: I was looking forward to learning something too. FAIL.
Well, no. Now at least I’m prepared to focus on the self-taught route this semester.
