legacycentral bbs

Zimbabwe issues a Z$500m banknote, as inflation rockets to unbelievable highs

http://www.economist.com/daily/news/dis ... d=11378439

Talk about a dollar literally not being worth the paper it's printed on.

funny but sad, i wonder if the bank has any 500,000,000 notes, i could spare $2 to have one of those

Do they have no way of keeping inflation under control? I suppose, since I doubt many people there get loans, so adjusting the interest rate would do very little.

They barely have a government and the few resources are consumed by the military machine that maintains power. That's why I never donate to African causes (maybe elephants if I had the money) - it all gets absorbed by the bad guys. To me, throwing money at these unstable countries is like trying to keep the Titanic afloat with million-dollar ping pong balls.

Indeed, i also wouldn't mind getting some of that currency and throwing them it a building or something.

lol they could fix their economy by selling their currency on ebay and charging shipping. ha ha


robert mugabe is their leader, he is like 90 years old and was expected to step down afew weeks ago.

that didn't happen.

the only way to solve this is to stop printing money,
or have the people pull a V for vendetta.

I'd prefer Vendetta

Ummmm..... when your money chronically has no value no matter what you do, does your country still qualify as A) having an economy and consequently B) being "developed"?

ha ha it's there and thats about it i guess.