Righteous Wrath Online Community

General => Lobby => Topic started by: Thorin on March 24, 2009, 10:02:06 AM

Title: Zimbabwean Dollar Goes Bust
Post by: Thorin on March 24, 2009, 10:02:06 AM
Yes, I know, what do we care about the Zimbabwean Dollar, right?  But here's a weird image showing you what happens when you print too much money too fast:

(http://farm4.static.flickr.com/3248/2495254548_4005565aea.jpg)

Turns out Zimbabwe has seen 231,000,000% inflation.  That number is not incorrect.  Here's where I got that number from: 231 million percent inflation: Zimbabwe dumps currency (http://www.smh.com.au/news/world/231000000-inflation-zim-dollar-dumped/2009/01/30/1232818687057.html).  In that article, they mention a number that I don't know the word for.  The Zimbabwean government tabled a budget of 66,500,000,000,000,000,000 Zimbabwean Dollars.  Ah, leave it to the Germans to publish a list of all the numbers (http://www.uni-bonn.de/~manfear/numbers_names.php).

66,500,000,000,000,000,000 is sixty-six and a half quintillion!  No more laughing at the Italian Lira (http://en.wikipedia.org/wiki/Italian_lira#Banknotes), I guess.  We've got a new currency to mock.

Oh, and Zimbabwe has a 6% employment rate.  That's right, employment rate, not unemployment rate!
Title: Re: Zimbabwean Dollar Goes Bust
Post by: Thorin on March 24, 2009, 10:17:10 AM
Apparently at the beginning of February the exchange rate from Zimbabwean dollars to Canadian dollars hit its all-time high of 6,183,157,058 ZWD to 1 CAD (http://www.exchange-rates.org/Rate/CAD/ZWD/2-2-2009).  Yeah, that's an exchange rate of six billion to one.  Shortly thereafter apparently the currency was reset: historical table (http://www.exchange-rates.org/history/ZWD/CAD/T).

Well, at least it's easy to be a billionaire or even a trillionaire - just move to Zimbabwe and exchange your CAD for ZWD...
Title: Re: Zimbabwean Dollar Goes Bust
Post by: Darren Dirt on March 24, 2009, 11:34:53 AM
within 6 months, "Who Wants To Be A Quadrillionaire" or equivalent on primetime imo
Title: Re: Zimbabwean Dollar Goes Bust
Post by: Mr. Analog on March 25, 2009, 08:24:37 PM
Man! Imagine buying a pad of paper with that kind of money, kind of an off trade if you ask me (someone already drawed on these ones)