If your financial burden stresses you out… if you are currently focused only on what you don’t have and find it hard to be grateful for the things that you do, here is some news that I just learned about this morning which I hope will help you feel grateful for your life.
After launching their 100 billion note in July 2008 and $50 billion banknote just last weekend (11-12 Jan 2009), the Zimbabwean government will be introducing their 100 trillion Zimbabwe dollar note soon. Zimbabwe has been trying to lift the burden of their desparate cash shortage. Due to incredibly high inflation the Reserve Bank of Zimbabwe is still planning to launch a Z$10 trillion, Z$20 trillion and Z$50 trillion notes in the near future.
Zimbabwe has been issuing new banknotes the past few years hoping to overcome the cash crunch they are facing today. Zimbabweans have to queue for hours to withdraw money that is not even enough for them to buy a loaf of bread. In Zimbabwe all prices doubles almost everyday. Bread and fuel are in short supply. With the inflation reaching 231 million percent annually, the price of a loaf of bread rose from $200,000 in here cost Z$25 billion in Jan 2009. It is equal to US$1 today. The minimum wages in June 2008 is Z$100 billion per month which can only buy them 4 loaves of bread in a month, and nothing else.
Only 40% of the 5 million Zimbabwean population are receiving food aid. The world donors expect this number to grow but unfortunately due to the rising cholera epidemic that has claimed 2,200 lives, some money from the funding is diverted to fight the epidemic.
If you are moved by this post, consider donating a few bucks you would use for a starbuck cup of coffee. Your US$1 donation can buy one loaf of bread for a family.
To make a donation, go to the United Nations World Food Programme by clicking here.
DONATE TODAY!
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January 16th, 2009
Elisheva Wiriaatmadja
Posted in
Yes truely its easy to become a trillionaire in Zimbabwe. What will be the end of this great inflation rally in Zimbabwe no one has yet predicted but its expected to touch sextillion soon.
Zimbabwe Inflation rally
notes in the billions and trillions? Wow, thats a massive amount of money!!
Not so much if Z$25million is equal to only US$1. All the banknotes doesn’t really worth much.
[...] been rising continuously for a few years now and back in January 2009 a loaf of bread already cost $25 billion Zimbabwean dollars. That is how bad the hyperinflation has destroyed their currency. Because the Zimbabwean dollar is [...]