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So you want to be a millionaire?
Posted by: McQ on Monday, January 21, 2008

Easy. Head to Zimbabwe.
The central bank of the southern African country has a issued a 10million Zimbabwe dollar note. The move increases the denomination of the nation's highest bank note more than tenfold.

Even so, a hamburger in an ordinary cafe in Zimbabwe costs 15 million Zimbabwe dollars.



Note the date on the 10,000 million dollar bill. The equivalent exchange rate in British pounds on the black market is about £2.
Acknowledging the inflation crisis, Gono said individuals would be allowed to withdraw an increased limit of 500 million Zimbabwe dollars (£100) in a single daily withdrawal, up from 50 million (£10).
How nice. Zimbabwe - Venezuela with hyperinflation.
 
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Previous Comments to this Post 

Comments
Isn’t Zimbabwe’s leading some UN commitee on "Sustainable Economies" or some such?

So surely you must be wrong. I mean, the UN wouldn’t give them that slot if they weren’t running a perfect economy.

Surely...
 
Written By: Scott Jacobs
URL: http://
I work with (for) several Zim (Rhodesian) expats (now productive citizens, or about to be citizens who really think the US is keen).

Let me tell you how they just shake their heads over stuff like this.
 
Written By: looker
URL: http://
they do acknowledge the smaller denominations make for colorful toilet paper.
One of them is grateful his ’401k’ can still muster up enough to buy a burger.
 
Written By: looker
URL: http://
On the bright side, they never have to worry about that awkward moment when you are finished and notice that there is no toilet paper on the roll.
 
Written By: timactual
URL: http://

 
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