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Author Topic: Zimbabwe prints 200,000-dollar-note to combat their 4500% inflation  (Read 2746 times)

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jimmybobbin

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Zimbabwe prints 200,000-dollar-note to combat their 4500% inflation
« on: August 02, 2007, 01:52:02 PM »
Best way to combat a 4500% increase inflation in one of the world's  worst health systems currently running. With food and running out as well you may as well go around using monopoly money...


http://www.news.com.au/story/0,23599,22174750-13762,00.html

ZIMBABWE's central bank unveiled a new 200,000-dollar note yesterday, double the face value of what had been the highest denomination note in a country where bundles of notes are needed for the simplest transactions.
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LedZeppelinFan

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Re: Zimbabwe prints 200,000-dollar-note to combat their 4500% inflation
« Reply #1 on: August 02, 2007, 10:54:44 PM »
 :-o Bloody hell. Inflation is at least 4500%. I didn't think that was even possible.

When Mugabe was busy bulldozing people's homes, surely that was ample warning that he would stuff the country up. Someone should have intervened, but who? And how?


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Lord Biscuit©

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Re: Zimbabwe prints 200,000-dollar-note to combat their 4500% inflation
« Reply #2 on: August 02, 2007, 11:20:42 PM »
Quote from: LedZeppelinFan on August 02, 2007, 10:54:44 PM
:-o Bloody hell. Inflation is at least 4500%. I didn't think that was even possible.

When Mugabe was busy bulldozing people's homes, surely that was ample warning that he would stuff the country up. Someone should have intervened, but who? And how?
It's very simple. Tell George and Dick that Zimbabwe is sitting on truck-loads of oil.
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DiddlySquat

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Re: Zimbabwe prints 200,000-dollar-note to combat their 4500% inflation
« Reply #3 on: August 03, 2007, 12:26:13 AM »
Quote from: Biscuit on August 02, 2007, 11:20:42 PM
It's very simple. Tell George and Dick that Zimbabwe is sitting on truck-loads of oil.

Too cruel, but  :-D :-D :-D
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DiddlySquat

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Re: Zimbabwe prints 200,000-dollar-note to combat their 4500% inflation
« Reply #4 on: August 03, 2007, 12:28:13 AM »
It makes 17.5% look like chicken feed :-D
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Keridwen

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Re: Zimbabwe prints 200,000-dollar-note to combat their 4500% inflation
« Reply #5 on: August 07, 2007, 03:50:17 PM »
I'm getting images of back in Germany where they carried around washing baskets full of notes... there was one anecdote about the man who carried a washing basket full of notes to buy a loaf of bread... he was mugged in the street and the washing basket was stolen but the money was left...

But I don't think that was 4500%... this is ridiculous! Do they have any plans to combat it? Contractionary policy? Or are they just going to keep upping the denominations of their notes until they run out of numbers?
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Eliza

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Re: Zimbabwe prints 200,000-dollar-note to combat their 4500% inflation
« Reply #6 on: August 07, 2007, 08:55:37 PM »
Yeah, I remember that. 2000000 marks got you a loaf of bread, where it could buy you a house before the inflation.
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Truckarella

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Re: Zimbabwe prints 200,000-dollar-note to combat their 4500% inflation
« Reply #7 on: August 07, 2007, 09:01:11 PM »
You remember it?

That is impressive.  Did you remember to take your pills this morning and put some knickers on?
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Eliza

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Re: Zimbabwe prints 200,000-dollar-note to combat their 4500% inflation
« Reply #8 on: August 07, 2007, 09:17:42 PM »
-checks- Yep.

Mind you, I learned all of this last year in my German class, so you know.
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Truckarella

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Re: Zimbabwe prints 200,000-dollar-note to combat their 4500% inflation
« Reply #9 on: August 07, 2007, 09:19:19 PM »
*smacks forehead*

I thought you were there.  That must make you about 95 years old.
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Eliza

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Re: Zimbabwe prints 200,000-dollar-note to combat their 4500% inflation
« Reply #10 on: August 07, 2007, 09:26:11 PM »
Ooh, Close. Only about 80 years out
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bollocks

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Re: Zimbabwe prints 200,000-dollar-note to combat their 4500% inflation
« Reply #11 on: August 07, 2007, 09:27:00 PM »
 :lol:

deary me.

how do you insult someone when they have no idea you're having a dig at all?

keridwen i think 4500% may make it a little late for 'cautionary policy'.
only a change in government, currency and luck (in that order) will help.
the likelihood of this?
slim to none.
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WithTheDawn

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Re: Zimbabwe prints 200,000-dollar-note to combat their 4500% inflation
« Reply #12 on: August 08, 2007, 02:04:52 PM »
Hah, they're fucked. Maybe they should start a war. That tends to help. If you can win, anyway.
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EbonyPebony

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Re: Zimbabwe prints 200,000-dollar-note to combat their 4500% inflation
« Reply #13 on: August 09, 2007, 12:15:21 AM »
Quote from: Keridwen on August 07, 2007, 03:50:17 PM
I'm getting images of back in Germany where they carried around washing baskets full of notes... there was one anecdote about the man who carried a washing basket full of notes to buy a loaf of bread... he was mugged in the street and the washing basket was stolen but the money was left...

 :lol:

I was told the same story in History a couple of years ago, but with 'washing basket' substituted for 'wheel barrow'.
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WithTheDawn

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Re: Zimbabwe prints 200,000-dollar-note to combat their 4500% inflation
« Reply #14 on: August 09, 2007, 12:30:04 AM »
+1 for wheelbarrow. I'm a history major, so my opinion is more valid >_>.
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