If our Currency takes the slide in the current fashion, who knows, we might end up like this in Zimbabwe-O M G!!!
Economic crisis in Zimbabwe has begun in 2000 when its president Mugabe expelled the foreigners from the country and all their possessions, soil and manufacture have been given to local population.
Here is the beggar who got a trifle last year in December. These are notes in 200 000 Zimbabwe dollars. Little millionaire, isn't he?
And that is February. Now beggars are not given simple 200 000 notes, they get the whole packs of 200-thousand banknotes.
Here is the local billionaire. He has got 65 billion Zimbabwe dollars in his small suitcase. Just imagine, that is only 2000 American dollars! It was in March.
The man goes to a supermarket. The exchange rate is 25 000 000 Zimbabwe dollars for one American dollar.
In August the government made a decision to issue new notes, this time without ten zeroes as it was with old ones.
But they have forgotten about inflation again. In September it was possible to buy 4 tomatoes for this money.
50 thousand has appeared two weeks ago. It is not excluded turning Zimbabwe to billions again till the end of the year.
And now let's see true face of this crisis.
Zimbabwe is the unique country in the world where the smallest note is 5, and the roll of the cheapest toilet paper costs 100 000.
If you take 100 000 Zimbabwe dollars and change them for the smallest 5 dollars notes you'll get 20 000 notes. A roll of a toilet paper has 72 pieces.
It turns out, that using money instead of toilet paper is in 278 times more favourably, than buying this paper. The cheapest toilet paper in Zimbabwe is the same unpleasant, as these notes.
Zimbabwe has more billionaires than another other country. Slowly but surely we are getting there. Not for the holidays.ReplyDelete
And no pickpockets to be found anywhere in good Zimbabwe !ReplyDelete
Wow Zimbabweans are all mega rich! Thanks to Mugabe whose economic mentor and ardent supporter is apanama!ReplyDelete
How come no ATM machines ? And no bank robbers. Very safe and peaceful country. Well done apanama advisor.ReplyDelete