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Friday, December 07, 2007

I Didn’t Know it Was Possible to Insult the Zimbabwean Dollar…

With a single matchstick costing something on the order of Z$3,000, according to the BBC, is it any wonder that someone might choose to use Z$.10 notes as gimmick business cards? They certainly aren’t useful for anything else and to print real business cards would be far more expensive.

But anyone trying such a thing might do well to remember that Mugabe’s regime isn’t known for a sophisticated sense of humor.

Denis Paul is accused of insulting behaviour for handing out 10-cent Zimbabwean notes stamped with his business details at a tourism fair.

Officials say his actions in effect discouraged tourism to Zimbabwe.

Banks say the cost of printing the 10-cent notes by far exceed their face value. If found guilty, Mr Paul could face up to a year in prison.

Correspondent says the single-cent bank notes - or bearer cheques as they are known - released last year have become obsolete because of rampant inflation.

Does it possibly get better for Zimbabwe before it gets tremendously worse? There’s little on the shelves, scant hard currency (meaning: stable currency from outside of Zimbabwe) to import things like fuel, infrastructure failing, and not nearly enough food to eat. With inflation having, apparently, achieved escape velocity, the economy is certainly wrecked; it’s hard to imagine a recovery any time in the near future without the help of outside agencies. It’s impossible to imagine that help coming while Mugabe still rules.

In the words of the Boomer Bible, “Poor bastards.”

Read the rest.

Comments & Trackbacks
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Have you seen this remarkable video: http://www.youtube.com/watch?v=I88Wy7otcrc ?

on Dec 12 2007 @ 04:02 AM

I had heard about him doing it, but I hadn’t seen the video. That is a remarkable video. I’ve linked it (and you) in another post today.

Thanks.

on Dec 12 2007 @ 08:08 AM
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