Knock off the Zeroes

Technically speaking, this is not a blog, but an update on my previous blog (or keeping up with today’s terminology, it’s a sequel)

My last blog was on Zimbabwe people coping up with the practical issues of currency and inflation and how people can conveniently become billionares. The reason for me writing this sequel is to inform my readers that I have let them down. All the people who moved to Zimbabwe (based on my healthy advice); well your entire wealth has been wiped out by one simple decision.

Looks like Mr. Mugabe has paid heed to the bank’s problems of continuously printing higher denomination notes / system failures and bingo, he has a simple answer… knock off the Zeroes. Ten billion Zimbabwean dollars will be equated to one Zimbabwean dollar from today i.e. August 1. By knocking off the ten zeroes, (which was anyways worthless and couldn’t buy anything substantial), the problems of ever increasing zeroes has been solved. Well, isn’t it smart… what a solution… Just reset the counter when it reaches the limit and start again.

Not just that, to tackle the inflation problem, the government has decided to fix the prices of all goods (and I always thought the prices are governed by demand and supply)

The other problems are still existing including the paper on which the currency is printed which the supplier has stopped supplying to the Government. But I am sure they will get a solution for that as well.

Way to Go!...