Let’s look at the real crisis

Economic crisis in Zimbabwe has begun in 2000 when its president Mugabe expelled the foreigners from the country and all their possessions, soil and manufacture have been given to local population.
The whole agrarian sector was destroyed. Various sanctions were introduced against this country. All these factors have provoked the deep inflation.

This year inflation has broken all the records and came to 231 million percent a year. Do you imagine this figure? 231 000 000 % a year! The level of unemployment has come to 80 % that has made the third of population leave the country.

Now let’s see rare photos demonstrating this economic horror.

Here is the beggar who got a trifle last year in December. These are notes in     200 000 Zimbabwe dollars. Little millionaire, isn’t he?

Zimbabwe beggar

One such banknote is equal to 10 cents. The official rate is much higher, but nobody changes.

Zimbabwe crisis

On December, 22nd the note in 500 000 Zimbabwe dollars has appeared.

500 000 Zimbabwe dollars

The next was 750 000.

750 000 Zimbabwe dollars

 In January there was one more note in 10 million.

10 million dollars

Here is the multi-millionaire.

multi-millionaire

This note in 10 dollars costs in 10 times more than note in 10 000 000 Zimbabwe dollars.

10 dollars and 10 000 000 Zimbabwe dollars.

And that is February. Now beggars are not given simple 200 000 notes, they get the whole packs of 200-thousand banknotes.

200-thousand banknotes

 Here is the local billionaire. He has got 65 billion Zimbabwe dollars in his small suitcase. Just imagine, that is only 2000 American dollars! It was in March.

Local billionaire

 The man goes to a supermarket. The exchange rate is 25 000 000 Zimbabwe dollars for one American dollar.

25 000 000 Zimbabwe dollars for one American dollar

This pack is equal to 100 dollars.

Equal to 100 dollars.

 In April the government decided to break all the records and issued 50 million dollars note.

50 million dollars

But the inflation didn’t stop. Then in May the 250 million note was issued.

250 million

These are shops prices. You must pay almost 3 billion for a T-short or trousers.

3 billion for a T-short or trousers

At the end of May the 500 million note was issued.

500 million

But the time doesn’t stay and notes in 25 and 50 billion are appeared in June.

25 and 50 billion

 In July there has already been the 100 billion note!

100 billion

What can you buy for this money? Probably it can be three eggs.

100 billion = 3 eggs

Soon people have begun to go to restaurants with such packs…

Go to restaurants

And received such bills there..

Restaurant bill

Because of these cash heaps there was no free place in houses.

Money in house

  In August the government made a decision to issue new notes, this time without ten zeroes as it was with old ones.

Government decision

But they have forgotten about inflation again. In September it was possible to buy 4 tomatoes for this money.

Inflation

And for such loaf of bread…

Inflation - crisis

The government didn’t stop and in September the 20 000 dollars note was issued again.

20 000 dollars

50 thousand has appeared two weeks ago. It is not excluded turning Zimbabwe to billions again till the end of the year.

50 000 dollars

And now let’s see true face of this crisis.
 
  Zimbabwe is the unique country in the world where the largest note is 50 000, and the roll of the cheapest toilet paper costs 100 000.
If you take 100 000 Zimbabwe dollars and change them for the smallest 5 dollars notes you’ll get 20 000 notes. A roll of a toilet paper has 72 pieces.
It turns out, that using money instead of toilet paper is in 278 times more favourably, than buying this paper.  The cheapest toilet paper in Zimbabwe is the same unpleasant, as these notes.

That is the real crisis!





12 Responses to Let’s look at the real crisis

  1. dpro says:

    Yes I agree with you, using money as a toilet paper rather than buy the toilet paper. It’s much cheaper that way. Why the hell do would they print so much money without any value? Why not just barter goods. Its more efficient rather than collecting so much wasted paper with prints. I wonder what the banks look like in Zimbabwe? LOL!

  2. Mark says:

    Amazing, thanks for creating awareness!

  3. Brad says:

    Actually, I hear they have indeed gone back to bartering. I personally would like to see photos of them burning money. It’s already worthless anyway, and it’s probably cheaper than wood too.

  4. michael says:

    I agree awareness is good. But you say the exchange rate is 25,000,000 Zimbabwe for $1 US. That is just wrong. current exchange rate is about 5,100 for $1. Huge difference there.

  5. Steph says:

    the exchange rate is

    Wednesday, November 19, 2008

    1 US Dollar = 13,498.9 Zimbabwe Dollar
    1 Zimbabwe Dollar (ZWD) = 0.00007408 US Dollar (USD)
    according to the currency converter!

  6. 3rdliberation says:

    This is a Joke!

    Zimbabweans need to wake up and fight for whats right, their Freedom. the reason the country is in such a mess is because of their Current leaders who have fleeced the country—-Get them out and rebuild the country.

  7. markt says:

    Totally unnecessary. Save trees for cryin’ out loud!

  8. Rich says:

    Seriously why is the international community seemingly not dealing with this situation! Everyone seems to know about it and no action.

    I remember the Italian lira slashed a few zeros on their currency before the Euro but obviously Zimbabwe is in a much worse state to do anything at all at the moment. It’s very sad.

  9. gliff says:

    1.00 USD = 361.900 ZWD (20.08.2013)

  10. ashraf says:

    wowwwwwwwwwwwww oh my god

  11. patwardhan says:

    india is following the disasterous road religiously. thanks to our prime minister and finance minister.

  12. Arif says:

    Better to exchange things they need or excess of their need instead using bank notes.

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