« Home | Of Continents, and Countries, and Cities ... » | Back in a new avatar » | Hello World » | They deserve it! » | 26th July 2005 » | Idhar udhar ki baatein » | A page from my diary … » | The Return of Gahji - Part 2 » | Tsunami Relief Contacts » | Investment Opportunity »

Monday, September 01, 2008

I held a $10mn note in my hand

Except it wasn't USD. It was Zimbabwe dollars!

While attending Economics refresher classes in Bangkok last week, our teacher passed around a 10mn Zimbabwe dollar currency note. Guess its value?

Recent estimates claim its worth USD 0.10. That's ten American cents, or four Indian rupees!

No wonder Zimbabwe inflation officially hit 11,200,000% in August 2008. Consequently, a loaf of bread now costs 1.6 trillion Zimbabwe dollars!

How can such an economy possibly be saved?

E-mail this post

Remenber me (?)

All personal information that you provide here will be governed by the Privacy Policy of Blogger.com. More...