Tomorrow the Zimbabweans can wake up to a brand new bank note: The 100.000.000.000$ note.
Released tomorrow, this digit-heavy note is worth 1 USD currently.
Guess when you have a government that just prints new banknotes when they need money, inflation sky-rockets... WHO KNEW?
People in Zimbabwe actually bring duffel bags of money when they go shopping, and instead of counting it, the money gets weighed.
How bad is the inflation?
US: 1.1 %
Denmark: 3,8%
EU: 4,3% (average of 27 countries)
Zimbabwe: 2.200.000% (conservative estimate)
As a result, life expectancy has dropped from 57 years to 32 years.
Released tomorrow, this digit-heavy note is worth 1 USD currently.
Guess when you have a government that just prints new banknotes when they need money, inflation sky-rockets... WHO KNEW?
People in Zimbabwe actually bring duffel bags of money when they go shopping, and instead of counting it, the money gets weighed.
How bad is the inflation?
US: 1.1 %
Denmark: 3,8%
EU: 4,3% (average of 27 countries)
Zimbabwe: 2.200.000% (conservative estimate)
As a result, life expectancy has dropped from 57 years to 32 years.
11 comments | Leave a comment



