23 July 2008

America has all the answers

Yes, that plain old paper money says TEN MILLION DOLLARS on it. By cleverly using the US dollar as its monetary standard, Zimbabwe gave itself a leg up on the post-colonial competition back in 1980. Looks like that scheme may have backfired a bit since then. The 'official' exchange rate is now something like $1 USD to $30,000 ZWD. Multiply that figure exponentially for the black-market rate, which is what most people are dealing with over there, what with trade being so well regulated and all. Hooray for FREEDOM!!!