Wednesday, July 30, 2008

Inflation...

Many Malaysians nowadays are complaining of high inflation rate. If I get it correctly, it’s 7.7% now. But the reality is, escalating inflation is a worldwide phenomenon at the moment. It’s unavoidable, largely due to the increasing oil prices. Life is hard, but at least we can still survive, albeit with less luxuries than we’re used to.

But when I see Zimbabwe’s inflation rate, I just can’t imagine how hard their life is. Guess what’s their inflation rate now?

20%? Nope.
100%? Not quite.
300%? Not exactly.

Their latest ‘official inflation rate‘ is 2,200,000%!!!! And that’s the official figure, the non-official figure is 7m%. OMG

And because of that, u can literally become instant billionaire if u go there and exchange into their currency. Their biggest currency denomination now is Z$100billion!!! That is Z$100,000,000,000 to write it in full. Damn. And they're thinking of printing Z$500b note next.

This is a Z$500m note. Can’t find the new Z$100b yet.


Made me really thankful to be living in Malaysia.

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