Thursday, October 30, 2008

Zimbabwe the Land of Poor Millionaires

Due to the country’s hyperinflation rate of over 231,000,000% a year, the financial authorities were forced to release larger and larger bills in order to help people buy the simplest things without carrying bricks of bills with them. When the $10,000,000 bill was released early this year, it was worth about $4 US, but it soon became as worthless as the previous bills and now you can find the 100 billion dollars bill which you can use to buy 3 eggs.

When people want to go to a restaurant they are again forced to carry mountains of money with them. This all began in the year 1980, when president Mugabe came to power and transformed the whole country into a giant agricultural field. Now the inflation is through the roof, 80% of the population is unemployed and a third of the population has left the country. At least they can take pride in the fact that they have the highest denomination bills in the world.

500 million note, just printed in May 2008.....everybody can have it....maybe just nice for 1 breakfast/lunch (equal to about USD 2).

$10,000,000 bill was released early this year, it was worth about $4 US.

To buy food in plastic packet you have to spend at least 10 million.

To buy vegetables you need 5 million.

To buy eggs you need 6000 million.

To buy chicken how many millions? Take a guess.

If you want to eat in restaurant, please prepare the money.

After eating preapare the money for drink.

After getting montly salary you need to rent a taxi or lorry to bring back the money.

Young kid already become millionaire.

If don't want to carry a lot of money..this is the way change it to USD
Nobody want to count the money, just weight it.

Otherwise, this what you should do everytime you go to shop, market, bus station etc.

Young beggar getting two hundred thousand.

Young millionaire. One such note is equal to 10 cents.

Fifty Million Dollar note.

Five Hundred Thousand Dollar note.

Seven Hundred and Fifty Thousand Dollar note.

Ten Million Dollar Notes.

Zimbabwe Releases $10 Million Bill - Which is Worth USD $10

Almost 3 Billion for sport shirt and pants.

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Shalin Sitwala said...

hey, this is a repost.
i have seen a post of the same images on your blog before
you can check out your history
each and every pic is reposted

u4ea said...

and I thought the guys running the U.S. were messing up our country... really puts things in perspective... that is sad, though I can't help but laugh hysterically.

Anonymous said...

I gotta feel bad for the honest people in their country..... both of them. The rest seem to bring it on themselves. hopefully, a leader will emerge and bring about social and economic change to their country soon.

Anonymous said...

If one million dollars is now basically worthless, does that mean that if you were already rich (had millions in the bank) before the currency collapsed, you will then be as poor as everyone else when the currency recovers?

Anonymous said...

Nah, All banks offer interest on savings roughly equal to inflation, so if you have money in th bank, it is always worth the same general amount. At least, they do in the country i'm in. Its the only thing that keeps money in banks, cos I dont trust em not to take it all when Im not looking >.>

I would like to think the same thing would happen in all banks around the world. In a country as screwed up as Zimbabwe though, cant really be sure of anything.

Anonymous said...

thats what happens when you run the white folks out of a country

Anonymous said...

The same thing happened to Germany after WWI. Their dollar became essentially worthless. People needed a wheelbarrow to buy bread.

Anonymous said...

Poverty is a state of the mind......the US has sunctioned us together with everyone else but none of us die from hunger we are hard working and our people ar very resiliant.I dont like the regime currently reigning but one thing we are not is poor.We are very industrious,intelligent and weare achievers.......I`m Zimbabwean I dont like Mugabe but we are not poor....we are overcoming....ZIMBABWE LONG lIVE

Anonymous said...

lol that sucks

Anonymous said...

what do you call the richest person over there? a zillionaire?

Anonymous said...

Apparently when Mugabe first came to power, a great majority of the ministers in his government at the fuckin shitless cuntflaps galore party fucked a half dead pig in it's swine poopchute

Anonymous said...

I wonder how long it will take them to return to a normal economy. I think that they're wasting paper on bills with little value to them. But then again, coins would make it harder to carry around since it is heavier than paper.

Anonymous said...

you call the richest person over there a mugabillionaire

Anonymous said...

Check, Zimbabwe's money was re-denominated on 8/1/08 :/

Anonymous said...

the cost of printing those notes is greater than the value of the note

Anonymous said...

This may well be the fate of countries like Pakistan too ( God forbid) if the lavish expnditure policies of our leaders continue.
Muhammad Saleh

Anonymous said...

that is sad