Zimbabweans Want to Be A Millionaire

Zimbabweans Want to Be A Millionaire

21 January 2008 · 1 Comment

From the Daily Mail:

Zimbabwean $10m Bank Note The central bank of the southern African country has a issued a 10million Zimbabwe dollar note. The move increases the denomination of the nation’s highest bank note more than tenfold.

Even so, a hamburger in an ordinary cafe in Zimbabwe costs 15 million Zimbabwe dollars.[...]

The new 10 million note is the equivalent of about £2 at the dominant black market exchange rate. A hamburger at an ordinary cafe costs about 15 million Zimbabwe dollars (£3).[...]

Zimbabwe faces the world’s highest official inflation of an estimated 25,000 per cent. Independent financial institutions say real inflation is closer to 150,000 per cent.

Hopefully the cabal in the U.S. won’t take that as a challenge when considering the relative weakness in the U.S. dollar.

However, I hear that Regis is thinking about an inexpensive sequel to his former prime-time game show:  “Who Wants to be a Billionaire?”

Tags: Economy · · ·


1 response so far ↓

  • 1 ZZMike // 22 Jan 2008 at 6:26 pm

    Does anybody remember the German reichsmark of the 1920s?