Zimbabwe - hyper inflation
The press is always going on about Zimbabwe having an inflation rate of 200,000%
It's hard to understand what numbers like that mean.
2 days ago I tried a currency calculation on XE.com
It gave 1USD worth $4,952,500,000.00 ZW Dollars.
Today I tried it again.
1 USD now = 6,718,055,555.56 ZW dollars.
That's a drop of nearly 2 Billion dollars in just 2 days. the currency is devaluing at the rate of 1 Billion dollars a day.
Try it yourself and see how much its fallen since this post.
It's abit of a worry since my parents still live there.