Poor Zimbabweans… their dollar is now virtually worthless. In the wake of all the political turmoil there recently, Zimbabwe’s currency (the entire nation, really) has totally fallen apart.
Inflation has soared somewhere above 1,000,000%… probably safe to stop counting once in the millions. One U.S. dollar will officially get you Z$11 billion today. Just a week ago, the same greenback was worth Z$6 billion. What’s worse, Zimbabweans don’t follow the official exchange rates anymore… we hear the real exchange today to closer to $1 for Z$100 billion.
Inflation has soared somewhere above 1,000,000%… probably safe to stop counting once in the millions. One U.S. dollar will officially get you Z$11 billion today. Just a week ago, the same greenback was worth Z$6 billion. What’s worse, Zimbabweans don’t follow the official exchange rates anymore… we hear the real exchange today to closer to $1 for Z$100 billion.
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