Chopping 3 Zeros when inflation exceeds 1000%
Here is a remarkable story of Zimbabwean monetary reform.
"The only positive thing about Gono's statement is that it will now be easier to carry money around, instead of lugging it around in suitcases," said Johnson Moyo, a shop assistant at a retail store.
Comments (3)
David C
Let this be a lesson to anyone who thinks it would be a good idea to buy bonds and hoard dollars during this next financial downturn.
Published: August 18, 2006 10:04 AM
billwald
I suggest that the USofA chop two zeros. It would have a good psychological effect. If one has $1000 in one's pocket, one is more likely to blow a thousand than a person with ten dollars is to blow one dollar.
Published: August 18, 2006 1:47 PM
Peter
More people "blowing" their money would be a good effect? Surely, billwald, you've been hanging around here long enough to have at least found something you could read and understand?
Published: August 21, 2006 9:55 PM