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+--- Thread: 5,000,000,000,000,000,000,000% inflation!!! (/thread-2500.html)
5,000,000,000,000,000,000,000% inflation!!! - Steven - 02-15-2009
Yes, this is the latest economic data registered in Zimbabwe. This inflation rate was registered on February 4, 2009 and it's 5 sextilion (21 zeros)percents. This level of inflation leaves no place for imagination to interpret it.
Just an example, imagine that on January 1 the bread is $1, this means that by the end of the year, the same bread will cost $5 sextilion. Impossible? No, it's possible - Ladies and Gentlemen, welcome to Zimbabwe
uper
Re: 5,000,000,000,000,000,000,000% inflation!!! - Benn - 02-17-2009
This figure is beyond our understanding. I think all of you should take a look at this picture in order to understand the consequences of this inflation. This man holds one US dollar in his hands
![[Image: zimbawe-money.jpg]](http://nextstopwonderland.files.wordpress.com/2008/10/zimbawe-money.jpg)
Re: 5,000,000,000,000,000,000,000% inflation!!! - M.Helen - 02-18-2009
Yes, Zimbabwe's economy is something... This is a barter economy already.
They have started printing 100 billion dollar bill. Can you imagine this?
Re: 5,000,000,000,000,000,000,000% inflation!!! - Terry - 02-20-2009
:lol: they all must be good mathematicians. How in the world this is possible? I mean are the Zimbabwe authorities so incompetent that they allowed this to happen? Does it give answer to which is the stupidest nation in the world?
Re: 5,000,000,000,000,000,000,000% inflation!!! - Steven - 02-20-2009
Terry Wrote::lol: they all must be good mathematicians. How in the world this is possible? I mean are the Zimbabwe authorities so incompetent that they allowed this to happen? Does it give answer to which is the stupidest nation in the world?Don't know, Terry :quoi
But I think this obviously gives an answer to what country is not affected at all by the world crisis. :lol:
Re: 5,000,000,000,000,000,000,000% inflation!!! - Faw_Peter - 02-21-2009
The printed paper is even more expensive than the value printed on this money. I guess it is profitable to give one dollar, buy kilograms of this paper and sell it.
Re: 5,000,000,000,000,000,000,000% inflation!!! - Benn - 02-22-2009
Faw_Peter Wrote:The printed paper is even more expensive than the value printed on this money. I guess it is profitable to give one dollar, buy kilograms of this paper and sell it.
yes, I know that. I've even once thought about importing this money from Zimbabwe as paper for recycling, but, taking into consideration the expenditures for road... no... it's not profitable. Unfortunately Zimbabwe is not in the centre of Europe. :-)
Re: 5,000,000,000,000,000,000,000% inflation!!! - M.Helen - 02-24-2009
About 7 million people in Zimbabwe suffer from hunger. This is more than a half of the total population (13.5 million). I see the solution only in cutting again several zeros.
Re: 5,000,000,000,000,000,000,000% inflation!!! - Benn - 02-25-2009
M.Helen Wrote:About 7 million people in Zimbabwe suffer from hunger. This is more than a half of the total population (13.5 million). I see the solution only in cutting again several zeros.no, the solution is in allowing foreign currency circulate inside their economy. And has already been officially allowed by Zimbabwe authorities recent days. But inflation reducing will take time.
Re: 5,000,000,000,000,000,000,000% inflation!!! - Terry - 02-26-2009
these money are so poor in quality. The paper is very cheap. There are no real protecting signs, so if you have a printer you can easily print this money, nobody will pay attention to whether they are genuine or fake.
Re: 5,000,000,000,000,000,000,000% inflation!!! - Faw_Peter - 02-27-2009
Terry Wrote:these money are so poor in quality. The paper is very cheap. There are no real protecting signs, so if you have a printer you can easily print this money, nobody will pay attention to whether they are genuine or fake.well you're gonna need a printer from the stone age, since no printer would accept that bad paper :-)
Yet, I doubt anybody would understand the difference. They invent new types of banknotes everyday and people never get use to stability.
Re: 5,000,000,000,000,000,000,000% inflation!!! - M.Helen - 03-04-2009
A tourist could probably buy the entire country if he takes, let's say, 500 dollars with him. Dollars, euros are probably invaluable goods in Zimbabwe.
Re: 5,000,000,000,000,000,000,000% inflation!!! - Terry - 03-06-2009
On March 29, in Zimbabwe will take place presidential and parliamentary elections. I think people are confused there and don't really know who deserves to be elected... A lot of things were stolen there by the so-called authorities or officials.
Re: 5,000,000,000,000,000,000,000% inflation!!! - Benn - 03-13-2009
I think it'll be enough if any European manager comes and start ruling the country. I mean basic knowledge in combination with fairness are more than enough to stop that hyperinflation.
Re: 5,000,000,000,000,000,000,000% inflation!!! - M.Helen - 04-06-2009
Zimbawbwe's hyperinflation has been stopped due to the introduction of dollar in circulation.
Prices as measured by the all-items consumer price index decreased an average of 3.1 percent from January 2009 to February 2009