Forex Watch – £1 now equal to $60 000 000.00 in Zimbabwe

Our Zimbabwean Dollar has been on free fall for some months with no signs of recovering. Surely things could not get worse, at least most of us thought. How wrong we were?
Mr Gono the Reserve Bank governor came in with a big reputation and many promises to fix the economic problems. Everybody expected the money problems of the country to be solved. How wrong we were or was it blind faith? Things are even worse than when he came into office.

It’s now very easy to be a multimillionaire in Zimbabwe. £1 is now equivalent to $60 million Zimbabwean dollars and 1 US dollar is currently trading at about $25 million Zimbabwean dollars.

What does the future have for Zimbabweans as we approach the elections?

Related posts:

  1. Zimbabwe Dollar stands out In the Forex Jungle!
  2. Zimbabwe Elections 2008 Watch: Food For Votes
  3. It’s now illegal to possess more than $500 million cash in Zimbabwe!
  4. latest Price Increases in Zimbabwe
  5. New Zimbabwe Currency – What For?

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