Instant billionaires

// August 2nd, 2008 // Funnies, News // 3,980 views

10 zeroes cut off the Zimbabwe dollar
If you want to feel like a billionaire (or gazillionaire) then you should catch the next flight out to Zimbabwe.

This week the Reserve Bank of Zimbabwe lopped 10 zeroes off the value of the Zimbabwe dollar, thereby revaluing Z$10bn of existing currency to one Zimbabwe dollar.

Independent estimates put Zimbabwe’s inflation rate well above the official 2.2m per cent – the world’s highest. On informal foreign currency markets, the Zimbabwe dollar is valued at Z$1,000bn to the British pound – making a revalued Z$1 worth one penny.

Eish – that makes going to the BOB quite a hassle.

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