One hundred beeelion dollars! Mwah ha ha ha ha!

28 October 2008

What happens when a dictator is allowed to mismanage and corrupt your economy, as well as pouring millions into enforcing military might? This, essentially:

It's the 100 billion dollar note, introduced by the central bank of Zimbabwe earlier this year. Inflation in the country has risen from an annual rate of 32% in 1998 to an official estimated high of 11,200,000% in July of this year. Cripes.

So if you're a multi-billionaire in Zimbabwe, what will your 100 billion dollar note buy you? Three eggs, or thereabouts. Cancel the yacht.

[likecool.com]

TOPICS:   Economy

2 comments

  • Anon.
    "What happens when a dictator is allowed to mismanage and corrupt your economy, as well as pouring millions into enforcing military might?" Come off it - reasearch the reasons why the economy has crash. Pathetic reporting.
  • Paul Nikkel EDITOR
    Thanks for the comment Anon. Would you be able to help us out on why the Zimbabwe economy has crashed? I think Paul wrote this more as a humour post about the 100 Billion dollar note and not an economic critique but we'd appreciate your insight.

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