Friday, January 16, 2009

$100 Trillion Bill


Zimbabwe issued a $100 trillion bill today (January 16th, 2009) to combat its hyperinflation.
This new 100,000,000,000,000 Zimbabwean Dollar bill is currently worth about 300 US Dollars OR 225 Euros.
Zimbabwe got independence from British in 1980 and 1 Zim-dollar was worth of about 1.5 US Dollars then.
The Zimbabwean economy collapsed since the introduction of land reforms in 1998,
to re-distribute the farm lands from white farmers to blacks.
The international sanctions imposed by Western Countries for its transition to democracy,
created a severe impact to the already collapsed economy leading to hyperinflation and devaluation of the Zimbabwean Dollar.

10 comments:

  1. it's sad and very bad situation as their inflation is millions percent :-)

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  2. how come... 100 trillion for 300 dolar ???
    ehm....

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  3. i could be the milyuner with $ 100 at zimbabwe..

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  4. I wanna that money....!

    if I be richest man, I want buy my island...and married with many pretty woman include britney spears besides me...! hehehehehhehehe

    this is a crazy dream but I love it

    thx

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  5. ngeee...
    my money...
    give me back...

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  6. I think I would be a trillionaire in Zimbabwe

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  7. I feel pity about those people

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  8. gila...........
    payah banget.....parah....

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  9. Wow, it will need a truck to bring 1000 US dollar

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