Tuesday, May 20, 2008

Zimbabwe Bucks

One of the guys from work found a Ten Thousand Dollar Zimbabwe bill that a student had left in a dorm room. About a year ago it was worth about 1 US dollar. As of Thursday it would take 256 of them to equal one US cent. The Zimbabwe Central Bank has not update the official exchange yet today, but the black market rates are approaching 380 Million to one US dollar. Today also is the first day of the 50 Billion Zimbabwe bill. This is worth about 200 US dollars, but I expect it to be worth about a buck in a few months.

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