Friday, June 20, 2008

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.

Labels: ,

5 Comments:

At 3:15 pm, Blogger Lehners in France said...

Stew, are your parents OK out there? You must worry about them. We know so many people who have fled Zim and are dreaming of the day they can go back. Debs x

 
At 10:31 pm, Blogger travelling, but not in love said...

Stew, I can only imagine that life is hard going and not that pleasant out there at the moment.

And to see that the opposition have had to pull out of the eletions is awful.

You can bet that if they had oil there, the yanks would have been in like Flynn...

 
At 6:35 pm, Blogger aims said...

All we hear about here is Mugabe. And how horrible life is there right at the moment.

Hope your family is safe.

 
At 5:48 pm, Blogger Blossomcottage said...

I do wonder how and when it will end, I do hope your parents are alright, you must be very worried about them.
and travelling, but not in love's comment is SO TRUE!
Blossom

 
At 2:33 pm, Blogger Stew said...

a mail from my mother arrived today -
"At last the Patersons are begining to feel the pinch. Bread is unobtainable even if you have the money.
Milk is very short and very expensive. I did manage to get some meat yesterday that will keep us going for a while. We must not get sick as can't afford to go
to doctor or buy medicines. Of course we can use our forex and when really necesary but we have just spent 100 US for a car battery, so we must be careful.
Hope you are all well"

 

Post a Comment

<< Home