I just saw an article about Zimbabwe issuing a 100 billion dollar bill.
No, that is not a typo.
Yes, it says 100 billion dollars.
Here are three good reasons why this is a bad idea:
1. That's one piece of money you don't want to accidentally put through the wash.
2. Sucks if you lose it.
3. How on earth could you ever cash the thing? There will be signs at every store reading "We cannot break $100 billion dollar bills here, fool".
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I had to laugh when I read your post. Then I had to go seek out more information. An NPR article stated that the $50 billion Zimbabwe bill only amounts to 33 US cents. Sooo... if some guy sidles up to you and huskily whispers that he's a billionaire in Zimbabwe, don't get too impressed!
ReplyDeleteIt's similar to Germany post WW1, their economy collapsed and so it cost $15,000,000 deutchmarks to buy one loaf of bread. It took several years of hard slog to get the economy back up and running, and so paved the way for the Nazi party to rise up. I wonder what will happen in Zimbabwe?
ReplyDeleteTalk about needing your own protection program if people knew you had one of those in your wallet.
ReplyDelete