11 December 2010

The Zimbabwe Dollar

When I moved to Zimbabwe in 1982, the Zimbabwe Dollar was worth $1.10 US. It had just dropped from about $1.40 US, and at one time had been worth even more. In other words, to get 1 Zimbabwe dollar, you had to pay US$1.10. By the time the Zimbabwe dollar fell out of usage, it took in the billions of Zimbabwe dollars to purchase one US dollar. It's hard to keep track of how far the Z$ fell due to the dropping of zeros from the exchange rate during the process.

It is sad to see a once prosperous country fall so far.