$16 Million Zim Dollars for a Loaf of Bread
Filed Under (Misc.) by Kirby Witmer on 08-04-2008
My wife and I have been married going on eight years. We try to go to Africa every two years as she’s from Zimbabwe originally… I remember when we went to Zim for the first time in 2001… The exchange rate was US$1 to Z$55, and it was about Z$50 to ride in a combi (minibus/taxi)…
Today, whatever Zim currency you have in your pocket loses value of Z$70 a minute just sitting there…
If these numbers seem overwhelming, they are. Recently the new Z$50 million dollar note came out, and it will by three loaves of bread (assuming you can find bread) a Z$16M each.
Wow! I had no idea Zimbabwe’s economy was this bad.
