Inflationary
From Today's Post:
Zimbabwe will drop 10 zeroes from its hyperinflated currency--turning 10 billion dollars into one . . . .
Central bank governor Gideon Gono said new money would be launched Friday with 500-dollar bills and with coins, which have been obsolete for years.
Inflation in Zimbabwe is officially at 2.2 million percent, but independent economists say it's closer to 12.5 million percent.
Eh, what's a few million percent? A lot, actually.
posted by Number Three @ 8:00 AM
1 Comments:
A few weeks ago I read that the Zimbabwe lottery was at 1.2 quadrillion dollars, which was worth about $4000 American. Of course, by now 1.2 quadrillion probably is worth more like $5.
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