Reading Articles Like This Makes My Head HurtSubmitted by libertyBoy on Wed, 04/25/2012 - 07:55
I'm never quite certain if it's irony, doublespeak or that last drink the night before - but reading articles like this just makes my head hurt.
Using U.S. Dollars, Zimbabwe Finds a Problem: No Change
The financial district in Harare, Zimbabwe, where, faced with hyperinflation, the currency was replaced with the U.S. dollar.
HARARE, Zimbabwe — When Zimbabweans say they are waiting for change, they are usually talking about politics. After all, the country has had the same leader since 1980.
But these days, Robson Madzumbara spends a lot of time quite literally waiting around for change. Pocket change, that is. He waits for it at supermarkets, on the bus, at the vegetable stall he runs and just about anywhere he buys or sells anything.
“We never have enough change,” he said, manning the vegetable stall he has run for the past two decades. “Change is a big problem in Zimbabwe.”
For years, Zimbabwe was infamous for the opposite problem: mind-boggling inflation. Trips to the supermarket required ridiculous boxloads of cash. By January 2009, the country was churning out bills worth 100 trillion Zimbabwean dollars, which were soon so worthless they would not buy a loaf of bread (the notes now circulate on eBay, as gag gifts).
But since Zimbabwe started using the United States dollar as its currency in 2009, it has run into a surprising quandary. Once worth too little, money in Zimbabwe is now worth too much.