Zimbabwean 100 trillion dollar bill

January 17, 2009

Can it get any more absurd, other than 2200 people dying of (the alleged) epidemic of cholera, a perfectly preventable and treatable disease? Unfortunately, I can’t locate a photo of it. The Z$100,000,000,000,000 bill is worth maybe US$33 on the street, as of when the referred posting was made. This currency converter says as of right now that US$1 is worth Z$16,574,420., surely an underestimate. BTW The libertarian Cato Institute estimates Zimbabwe’s inflation rate to be 89.7 sextillion percent. How many zeros is that? How long before the 10 sextillion dollar bill comes out?

Lessons in not being able to parody real life sometimes. I don’t think this image is of actual legal Zimbabwean tender, but it is from a parody posted in late 2007. Quaint nowadays. Now, this is really quaint. 

Meanwhile, dig this statement by the head of Zimbabwe’s Central Bank currently posted on the homepage of his website:

this Statement comes at a

time when the ugly heads of indiscipline,

corruption, fraudulent activities and underhand

manipulation of our money and capital markets

have reached epic proportions that are

threatening to wipe the face of our economy.

Is he talking about Zimbabwe or the US? Have to think for second. 

Further down the document dig this dollar amount:

Between the 10th and the 20th of November,

2008, total fraudulent cheques we intercepted in

the clearing system had risen to $60 hexillion

($60,000,000,000,000,000,000,000)…

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