Tuesday, April 20, 2010

US Dollar Exchange Rate relative to the Zimbawean Dollar---There is NO bigger number than this...

So tragic for the people of Zimbabwe who did not have to suffer this indignity, but the currency situation is laughable...Make sure you check the exchange rate relative to the US Dollar...
The Economist:  FEW Zimbabweans are excited by the 30th anniversary of independence from Britain. The southern African country was born in turmoil: a civil war, international sanctions and an economic slump in the 1970s had followed an earlier declaration of independence by Ian Smith, who led a regime of white settlers. Turmoil has continued under Smith's successors, Canaan Banana until 1987, and now Robert Mugabe. The 1980s and 1990s saw relative success for the economy, as commercial farmers boosted exports of tobacco, maize and other crops and small manufacturers prospered. But as Mr Mugabe came under pressure to quit, his seizure of farms, reckless printing of money and the emigration of the most educated and productive workers led to economic collapse. Hyperinflation and the destruction of the Zimbabwean dollar as a viable currency culminated in 2009 with the dollarisation of the economy.
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