View Full Version : So you think the Philippines has got it bad...


karead
16th Jul '08 Wed, 17:39
Check out Zimbabwe, where inflation is at 66,000% and you can have a billion dollar dinner easy...

http://img150.imageshack.us/img150/5671/pricingoneau8.th.jpg (http://img150.imageshack.us/my.php?image=pricingoneau8.jpg)

The caption on the pic above reads:

Freakonomics reader Justin Dombrow sent in this receipt from a dinner his South African friend had at the Victoria Falls Hotel in Zimbabwe.

But Dombrow’s friend doesn’t have to be rich to pay one and a quarter billion Zimbabwe dollars (ZWD) for two beers, a mineral water, and one dinner.

Thanks to inflation, it comes out to just $2.70 in U.S. dollars (according to OANDA.com).

Zimbabwe’s severe inflation sparked a parody of the Million Dollar Homepage — The Million Zimbabwean Dollar Homepage (worth US $0.002159).

Link: http://freakonomics.blogs.nytimes.com