When will the $1USD=Z$1,000,000?

wow the math is going to get complicated

LV,

Reminds me of Mexico in the 1980's. If memory serves when the peso got to 3,000/$ they coined the "New Peso" worth 3K old pesos and all was well. Only problem was that lower income mexicans lost most of their net worth in the process. When I was in high school it was 26:1.

Brett

SOON, at the rate that it's going.

In January of '85 I went on a hunting trip to the jungle of Bolivia .. the rate there at the time was 30,000 Bolivian pesos to an American dollar. I went back in August .. 1,100,000 to an American buck !

Scruffy,

Had the trophy fees trbeled too???

FB

Z$426,000=IUS$ this morning. should reach million to one by august.

when i think back on my first trips to zim when it was about 20 to 1, and the country was well to do, warm and vibrant, and then go back today - it's just about enough to make you cry

Fallow Buck, there were no trophy fees whatsoever back then. We shot exotic weird stuff like agouti pacas, tapir, white lipped javelina, broquet deer, ... the locals were very poor ... seemed like every man carried a single shot 16 gauge (from Brazil) to pot monkeys and peccaries and birds for the pot. A big varmint (and most jungle animals there are rather small compared to North American and African standards) like a tapir was cut up to small pieces and distributed to lots of people .. Fresh meat and no refrigeration ... A very cool experience, indeed. I hunt in Africa every year and as an experience to treasure - a jungle hunt in South America is not to be despised.

Can anyone with a better understanding of economics tell me where this will all end up? Obviously the Zim dollar has spiraled out of control 2-3 years ago....but. What is the end of all of this?? The money is worthless so what do you do?

Hyper-inflation can end if a governmental system is put in place that includes the rule of law and reasonable econimic policy.

If it comes about it could be a lawful transition to a new government or it could happen via a revolutionary war.

On the other hand things could continue to devolve into absolute chaos as in Somilia...

Let's hope for the best.

Brett

Dear Winterhoek,

What happens is commodities in demand eventually become the hard currency or the US$ dollar becomes the real if illegal currency.

In the Congo the hard currencies are gold, diamonds and for small amounts it is salt and everyone likes the US$ dollar.

I was duck shooting once in Cuba and gave a taxi cab driver a Canadian dollar for a tip. He looked at it, handed it back and asked me for an American dollar.