nigel99 150 #1 January 27, 2009 A few articles are quoting the 6.5 10^108 percent figure. But Steve Hanke is the more authoritive and conservative source. According to Steve Hanke Zimbabwe's inflation rate surpassed 89.7 Sextillion Percent (10^21) in November. http://www.cato.org/zimbabwe http://www.irinnews.org/Report.aspx?ReportId=82500 The Zimbabwe dollar has fallen: 1980 - independence Z$1 = ~US$1.5 2000 - Z$100 = ~US$1 2006 - Z$1000 = new Z$1 (three zeros removed) Aug2008 Z$10Billion = new Z$1 (equal to US$1) Jan2009 - Z$5-10Trillion = US$1 So without the zero's removed in 2009 Z$1^24 = US$1! Thank god for independence it has served the country well. Experienced jumper - someone who has made mistakes more often than I have and lived. Quote Share this post Link to post Share on other sites
JohnRich 4 #2 January 27, 2009 As long as evil white men aren't in charge, it's all good. Quote Share this post Link to post Share on other sites
champu 1 #3 January 27, 2009 Quote"Prices double every 24.7 hours," he noted. "Shops have simply stopped accepting Zimbabwean dollars." A report released by the Cato Institute in June 2008 said the RBZ's money machine was the source of the hyperinflation. "The government spends, and the RBZ finances the spending by printing money. Most economists agree that ditching Zimbabwe's discredited currency would help pave the way to recovery ... But Roodt cautioned that there was also a downside: "The most obvious [drawback] of using another currency is that you lose control of monetary policy," ... the legal tender could also become an issue of sovereignty and national pride, which, he commented, were sensitive matters. "You don't have the president's picture on the currency." He says that like they're bad things! Quote Share this post Link to post Share on other sites
Capt.Slog 0 #4 January 27, 2009 Cool. A pile of 1^24 Z$ bills would be about 9,000 light years high. Quote Share this post Link to post Share on other sites
Skyrad 0 #5 January 27, 2009 Quote A few articles are quoting the 6.5 10^108 percent figure. But Steve Hanke is the more authoritive and conservative source. According to Steve Hanke Zimbabwe's inflation rate surpassed 89.7 Sextillion Percent (10^21) in November. http://www.cato.org/zimbabwe http://www.irinnews.org/Report.aspx?ReportId=82500 The Zimbabwe dollar has fallen: 1980 - independence Z$1 = ~US$1.5 2000 - Z$100 = ~US$1 2006 - Z$1000 = new Z$1 (three zeros removed) Aug2008 Z$10Billion = new Z$1 (equal to US$1) Jan2009 - Z$5-10Trillion = US$1 So without the zero's removed in 2009 Z$1^24 = US$1! Thank god for independence it has served the country well. Yes but at least they now have their 'freedom'When an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy. Lucius Annaeus Seneca Quote Share this post Link to post Share on other sites
TheAnvil 0 #6 January 28, 2009 In 2001 I was getting 200-300 Zim $ to the US$. What a worthless currency. A fantastic country ruined by a racist sonofabitch. What a worthless fuck. Vinny the Anvil Post Traumatic Didn't Make The Lakers Syndrome is REAL JACKASS POWER!!!!!! Quote Share this post Link to post Share on other sites
