I read today that Zimbabwe has just introduced a 10 million dollar bank note. Sounds like a lot of money. Unfortunately it's less than 4 US dollars. When Joel and I arrived in Zimbabwe just over a year ago the exchange rate was 1,200 Zim dollars to 1 US. Now it's over 2 million to 1. That's hyperinflation for you and it doesn't seem to stop. What would you do with 10 million dollars? If you live in Zimbabwe, not much.
2 comments:
This is great news! Just think, it would mean that Joel could start using his "purse" again! ;)
This also would have made paying for our pizza lunch a little easier! :)
Seriously though, I am blown away by the fact that the "parallel" exchange rate is now double what it was when we were there only a few months ago. I can't imagine the challenges people are facing right now.
Arja
It's so crazy how fast it changes, and I always think it can't keep going but it does.
Pizza Inn....mmmmmmmm! :)
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